Essay on "Pay-For-Performance Approach"
Essay 5 pages (1652 words) Sources: 4
[EXCERPT] . . . .
The model will improve quality and efficiency of health care by subjecting care providers to financial pressure, which will in turn encourage beneficial, widespread, and long-lasting improvements in health care services (Nix, 2013).Secondly, it will enable customers to take advantage of the best that clinical practitioners have to offer. This will be achieved through promoting transparency in various quality indicators including patient outcomes as care providers are driven by real market competition to deliver high-quality and efficient care. Third, it will ensure that the existence of care providers is based on quality and efficiency by penalizing those who fail to keep up. The other effect of pay-for-performance is that it will provide an effective approach towards reducing the costs of care while enhancing quality and efficiency.
In conclusion, health care costs have been major issues in the United States health care system since the country lags behind in relation to the quality of care services despite high expenditure than any other industrialized country. In the past few decades, there have been numerous approaches and strategies to lessen the costs of care while improving quality including the development of value-based purchasing. Pay-for-performance is a value-based purchasing reimbursement model that provides financial incentives to care providers based on the value and quality of care delivered instead of the volume and intensity of care. This model is increasingly used in various health care settings and will have considerable impacts on physicians, patients, and the overall future of health care with regards to quality and efficiency.
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James, J. (2012, October 11). Health Policy Brief: Pay for Performance. Health Affairs, 78.
Retrieved December 20, 2014, from http://healthaffairs.org/healthpolicybriefs/brief_pdfs/healthpolicybrief_78.pdf
Mayes, R. (2006). The Origins of and Economic Momentum Behind "Pay for Performance"
Reimbursement. Health Law Review, 15(2), 17-22. Retrieved from https://facultystaff.richmond.edu/~bmayes/Mayes_HealthLawReview_P4P.pdf
Nix, K. (2013, November 20). What Obamacare's Pay-For-Performance Programs Mean for Health Care Quality. Retrieved December 20, 2014, from http://www.heritage.org/research/reports/2013/11/what-obamacares-pay-for-performance-programs-mean-for-health-care-quality
"Pay-For-Performance (P4P): Evaluating Current and Future Implications." (n.d.). American
Society of Health-System Pharmacists. Retrieved December 20, 2014, from http://www.ashp.org/DocLibrary/Policy/QII/Pay-For-Performance.aspx READ MORE
How to Reference "Pay-For-Performance Approach" Essay in a Bibliography
“Pay-For-Performance Approach.” A1-TermPaper.com, 2014, https://www.a1-termpaper.com/topics/essay/pay-performance-reimbursement-model/5835334. Accessed 6 Jul 2024.
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