By SuperUser Account on
11/8/2010 5:36 PM
Your bad quality will pay for other's improvements.
In the very near future of only 24 months, that is pretty fast in healthcare, your reimbursement will be cut back based on your poor quality. If you are in the lower 10%-20% of quality measurements, CMS will use 1% of your market basket to pay those who are improving quality and patient outcomes.
Where do you want to be in this bell curve? Do you want to wait and see how others are doing it? Follow the pack? Get in line? You better not be too far back. It will be like waiting in line at the movie theater and just as you get to the window, they are sold out.
The rules are not yet known, but the game is on. The discussion started in earnest last week as CMS conducted an open discussion of the Value Based Purchasing initiative to take effect in FY2013 and beyond. The measures from FY2011 and FY2012 might come into play. For a great summary of this conference call, please look at this summary article by Cheryl Clark for HealthLeaders Media,...