Are you aware that The Centers for Medicare & Medicaid Services (CMS) has issued a final rule for its Hospital Inpatient Value-Based Purchasing program?
Starting in fiscal year 2013, CMS will withhold 1 percent of its payments for approximately 5,000 acute care hospitals. And by 2017, this reimbursement reduction will increase to 2 percent. In the first year alone, this 1 percent equates to about $850 million dollars for all U.S. hospitals.
So in order to gain back a portion of the 1 percent funds withheld, a hospital will have to earn points for either achieving the high performer results on Clinical Process of Care and Patient Experience of Care measures against national competitors or by showing improvement from its baseline score.
Amerinet Value-Based Purchasing Analyzer
Amerinet Quality Solutions developed the Amerinet Value-Based Purchasing AnalyzerSM, a sophisticated and proprietary web-based tool, to help your hospital understand how to set individual value-based purchasing metric targets to improve patient care quality while optimizing reimbursement.
Using the most recent inpatient discharge data available from CMS, as well as their linear calculation methodology, the Amerinet Value-Based Purchasing Analyzer gives you access to your Clinical Process of Care and Patient Experience of Care (HCAHPS) performance – as well as your competitor’s – against the national thresholds and benchmarks, in addition to the financial impact of these scores.
To learn more about the Amerinet Value-Based Purchasing Analyzer and what consultative services Amerinet Quality and Patient Safety Solutions can provide to your hospital, please email qualitysolutions@amerinet-gpo.com today.