What you need to know about pay for performance.
*Tremendous variation exists today among commercial plans' P4P programs, but that will not prevent many of these programs from expanding, as this payment approach almost certainly will gain traction in coming years. *Hospitals that choose not to participate or that perform poorly in P4P programs risk losing market share as well as potential financial benefits. *Involving the medical staff in developing the solutions for meeting P4P reporting requirements is a critical element for success under this payment approach.
Health Research Institute, PricewaterhouseCoopers LLP, Tysons Corner, VA, USA. hindy.shaman@us.pwc.com
Hindy
H
Shaman
D004465:Economic Competition; D006761:Hospitals / Q000592:standards; D019221:Mandatory Reporting; D011785:Quality Assurance, Health Care / Q000191:economics* / Q000458:organization & administration; D012052:Reimbursement, Incentive / Q000458:organization & administration*