What does VBP mean?

Value-Based Purchasing (VBP) Linking provider payments to improved performance by health care providers. This form of payment holds health care providers accountable for both the cost and quality of care they provide. It attempts to reduce inappropriate care and to identify and reward the best-performing providers.Click to see full answer. Furthermore, what is volume based purchasing?Volume-based care refers to the payment a health care provider receives for services a patient might need. The type of service and quality of service does not really make a difference in the amount a provider might receive.Furthermore, is value based purchasing mandatory? The law requires the Secretary of the Department of Health and Human Services (HHS) to establish a value-based purchasing program for inpatient hospitals. To improve quality, the ACA builds on earlier legislation—the 2003 Medicare Prescription Drug, Improvement, and Modernization Act and the 2005 Deficit Reduction Act. Consequently, what is a total performance score? Total Performance Score (TPS) Under the VBP program, reimbursement for all IPPS discharges will be adjusted according to a hospital’s performance against a set of quality measurements. Scores are combined into a single Total Performance Score (TPS) that determines the adjustment to reimbursement during one fiscal year.What is the hospital value based purchasing program?The Hospital Value-Based Purchasing (VBP) Program is part of our ongoing work to structure Medicare’s payment system to reward providers for the quality of care they provide. This program adjusts payments to hospitals under the Inpatient Prospective Payment System (IPPS), based on the quality of care they deliver.