The transition from traditional fee-for-service healthcare to the value-based model may be disproportionately hurting safety-net hospitals, according to an analysis by Ashish K. Jha, M.D., a professor at the Harvard School of Public Health.
The Centers for Medicare & Medicaid Services (CMS) has announced its second round of penalties and bonuses to hospitals under the Value-Based Purchasing Program, and the former outnumber the latter.
For-profit hospitals have an edge over nonprofit and public hospitals in receiving Medicare bonuses because they are doing better at treating emergency department patients for stroke, heart attack and pneumonia, a study from Northwestern Medicine finds.
Value-based purchasing will once again focus on the relationships with patients, with calls to strengthen the patient experience, according to Carla Rotering, a pulmonologist at Banner Thunderbird Medical Center in Phoenix.
Providers and vendors discuss the topic ad nauseam, but payers are mostly mum when it comes to the massive ICD-10 coding overhaul. I hate to burst any bubbles, but if payers aren't already on the path toward the October 2014 deadline to convert to ICD-10, they have a lot of work to do.
The value-based hospital purchasing program set to launch next month will give physician assistants (PA) more opportunity to improve care and reduce readmissions, according to a commentary in the J ournal of the American Academy of Physician Assistants.
Under the value-based hospital purchasing program set to launch next month, healthcare economists expect most hospitals will break even, reported Kaiser Health News.
With the hospital value-based purchasing (VBP) program set to launch in October, safety-net hospitals could take huge revenue hits for Medicare reimbursements tied to performance measures.
With the value-based purchasing (VPB) program set to kick in this October, chief patient experience officers increasingly are cropping up at hospitals to help boost patient satisfaction scores. Hospitals also can take a page from the Cleveland Clinic, which has a chief experience officer (CXO), who reports directly to its president and CEO.
As Medicare plans to launch its hospital value-based purchasing (VBP) program in October, healthcare executives are preparing to lead their institutions away from the traditional fee-for-service reimbursement, a task that requires balance and timing.