Abstract
The concept of value-based purchasing (VBP) refers to performance-based payment strategies that link financial incentives to health-care provider performance, within a set of defined measures, in order achieve better value by driving improvements in quality and by slowing the growth in health-care spending. These types of models include Accountable Care Organizations (ACOs), hospital value-based purchasing (VBP) programs, bundled payments, and clinically integrated networks (CINs). Accountable Care Organizations (ACOs) are groups of physicians, hospitals, and other health-care service providers who are aligned with a purpose to integrate care and promote accountability for a defined patient population. A clinically integrated network (CIN) is a network of providers who continuously evaluate and modify their clinical practices in accordance with agreed-upon protocols to control costs and improve quality. Value-based purchasing (VBP) is a health-care reimbursement mechanism that is based on hospital performance and improvement in three areas: quality of care, adherence to best clinical practices, and patient experience. To stabilize rising costs while improving population health, a concerted effort to reduce the duplication of services and assist patients in navigating the care system is needed, and value-based purchasing models seek to incent and reward this approach.
Original language | English (US) |
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Title of host publication | Chronic Illness Care |
Subtitle of host publication | Principles and Practice |
Publisher | Springer International Publishing |
Pages | 505-516 |
Number of pages | 12 |
ISBN (Electronic) | 9783319718125 |
ISBN (Print) | 9783319718118 |
DOIs | |
State | Published - Jan 1 2018 |
Keywords
- Accountable Care Organization
- Bundled payments
- Clinically integrated network
- Medicare Shared Savings Program
- Patient Protection and Affordable Care Act
- Pioneer ACO
- Value-based purchasing
ASJC Scopus subject areas
- Medicine(all)