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Letter: CMS will be paying hospitals on a Value-Based formula

It's similar to what was outlined in article by Ralph Roy Waggener, writer says
Cheryl Wall writes:
Ralph is actually pretty close to describing what is called Value-Based Purchasing. Center of Medicare and Medicaid Services, otherwise known as CMS, will soon be paying each and every hospital based on the quality of care instead of the quantity of services that a patient receives during treatment. CMS is restructuring the payment system based on "quality of care." This information is available on CMS website or you can Google "value-based purchasing." Payments from CMS will be based 70% on quality of care and 30% on HCAPHS, which are patient satisfaction surveys.Try CMS website or google "Value-Based Purchasing" to read more. - Cheryl Wall
Comments re article 53388 What a great idea WRH the best value hospital in the nation



This story was posted on 2012-07-29 17:29:43
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