CMS Details Hospital Pay Adjustments Under Value-Based Purchasing
On Thursday, CMS announced that about 1,800 hospitals will receive positive payment adjustments under the Value-Based Purchasing Program in fiscal year 2016, Modern Healthcare reports (Dickson, Modern Healthcare, 10/26).
Under the VBP program, CMS calculates an incentive payment for each hospital based on its performance on quality and patient experience measures, such as patient satisfaction, lower mortality rates and how much Medicare pays for each patient.
Earlier this year, CMS gave performance-based bonuses to nearly 1,700 hospitals and curbed payments to 1,360 hospitals under the program (California Healthline, 10/6).
Payment Adjustment Details
According to Modern Healthcare, the funds available for VBP incentives in FY 2016 will total about $1.5 billion (Modern Healthcare, 10/26).
While about 1,800 hospitals will receive positive adjustments, CMS said about 1,200 hospitals will see a negative payment adjustment under the program (CMS release, 10/26).
Out of 272 California hospitals, Patients' Hospital of Redding received the largest bonus percentage for 2016, at 3.02%. Meanwhile, Alameda County Medical Center received the largest penalty percentage, at 1.04% (Modern Healthcare, 10/28).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.