Under the new Medicare value-based purchasing program, reimbursement will be determined in part by a hospital’s total performance score (TPS). The TPS is composed of process of care measures and patient experience measures. In this study, a total performance score was calculated for over 3100 hospitals and compared to routine service costs. Hospitals with higher total performance scores tended to have higher routine service costs. Additionally, hospitals that are part of a health system were found to have higher TPS scores.
Source: Shoemaker, W. The cost of quality: how VBP scores correlate with hospital costs. HFM. Healthcare Financial Management;66(10):51-56, Oct. 2012. Click here for publisher’s website: http://www.hfma.org/oct2012bev1/ Posted by AHA Resource Center, (312) 422-2050, rc@aha.org
Filed under: Efficiency, Financial management, Future trends, Health care quality, Hospital costs, Posted by Kim Garber, Uncategorized Tagged: | Centers for Medicare and Medicaid Services, Medicare reimbursement, Medicare value based purchasing, Medicare VBP
