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Application of Healthcare Business and Financial Management Principles Application of Healthcare Business and Financial Management Principles Value-Based Purchasing (VBP), was created by the Centers for Medicare and Medicare (CMS) in order to improve u

 

Application of Healthcare Business and Financial Management Principles

 

 

Application of Healthcare Business and Financial Management Principles

Value-Based Purchasing (VBP), was created by the Centers for Medicare and Medicare (CMS) in order to improve upon the quality and delivery of how health care is delivered. CMS utilizes payment as a strategy to encourage hospitals to provide high quality care by closely following clinical best practice, all while providing exceptional hospital stays. Simply put, hospital reimbursements are tied directly to performance. (Hospital Value-Based Purchasing, 2017)

A. Evaluate your organization’s current status with implementation of VBP by doing the following:

1.  Discuss to what degree your organization has embraced VBP.

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