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HHS Ramps Up Value-Based Purchasing Plans
“Better, Smarter, Healthier” was the headline which topped a January announcement shifting value-based purchasing (VBP) goals and shortening implementation deadlines.
By 2016, 85% of all traditional Medicare payments will be tied to quality or value. By 2018, 90% of all payments will have some quality measures attached, according to Department of Health and Human Services (HHS) Secretary Sylvia Burwell.
What is VBP? Essentially, it’s an amalgamation of various government efforts tied together by a new payment methodology.
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