Medicare Value-Based Purchasing Program to Give Incentive Payment Boost to 37% More Hospitals in 2015 Than 2014
March 18, 2015 at 9:17 AM Robert Kaminsky Leave a comment
In 2015, 463 more hospitals, a 37% increase, will see a payment boost of up to 1.5% of scheduled DRG payment under Medicare’s value-based purchasing program. The incentive payment is due to improved quality of care based on such measures as number of catheter-acquired urinary tract infections and number of pressure ulcers (stages III & IV).
In October 2012, the CMS launched the program under the PPACA in an effort to shift from pay-for-reporting programs, such as the Hospital Inpatient Quality Reporting Program (HISRP), to payment incentives based on the quality of outcomes from hospital care.
HIQRP is a reporting program that uses a combination of incentive payments and negative payment adjustments to promote reporting of quality information by eligible professionals.
Ultimately, improved care and prevention of infection will lower healthcare costs for hospitals.
Entry filed under: cost of care, Elderly, Healthcare Economics, Healthcare Policy, Healthcare Reform, Hospital Care, Hospital trends, Medicare. Tags: cost, cost of care, cost of healthcare, cost reduction, coverage, elderly, healthcare, healthcare costs, healthcare reform, hospital, hospital care, hospitals, Medicare.
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