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C162 Application of Healthcare Business and Financial Management Principles A1. VBP Degree of Implementation The Hospital Value-Based Purchasing (VBP) Program is a Centers for Medicare & Medicaid Services (CMS) initiative that rewards acute-care hospit

C162 Application of Healthcare Business and Financial Management Principles

 

 

 

A1. VBP Degree of Implementation

The Hospital Value-Based Purchasing (VBP) Program is a Centers for Medicare & Medicaid Services (CMS) initiative that rewards acute-care hospitals with incentive payments for the quality care provided to Medicare beneficiaries. Section 1886 of the Social Security Act established the Hospital VBP Program, affecting payment for inpatient stays in more than 3,000 hospitals across the country. The initiative is a part of CMS’s larger

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