Health Care Payment System

Full Answer Section

• The payment mechanism: How will providers be paid for value? There are a number of different payment mechanisms that can be used, such as shared savings, pay-for-performance, and bundled payments.

Impact on nursing practice: VBP has the potential to have a significant impact on nursing practice. Nurses will need to be more involved in the measurement and improvement of quality, and they will need to be familiar with the different payment mechanisms that are used. Additionally, VBP could lead to changes in the way that nurses are organized and managed. Here are some of the specific impacts of VBP on nursing practice:

• Increased focus on quality: Nurses will need to be more focused on quality in order to help providers achieve value. This means that nurses will need to be involved in the measurement and improvement of quality.
• Changes in the way that care is delivered: VBP could lead to changes in the way that care is delivered. For example, providers may focus more on preventive care and chronic disease management in order to improve patient outcomes and reduce costs.
• Increased collaboration between nurses and other providers: VBP requires collaboration between nurses and other providers in order to achieve value. This means that nurses will need to work closely with physicians, pharmacists, and other healthcare professionals.

Overall, VBP has the potential to improve the quality of care and reduce costs. However, it is important to carefully consider the criteria and parameters for implementation in order to ensure that VBP is successful.

Sample Answer here is an aspect of the health care payment system: Value-based payment (VBP) is a payment system that rewards providers for delivering high-quality, efficient care. VBP is based on the idea that providers should be paid for the value of care they provide, not just the volume of care they deliver. Criteria and parameters for implementation: There are a number of criteria and parameters that need to be considered when implementing VBP. These include:

• The definition of value: What does it mean to deliver high-quality, efficient care? This needs to be clearly defined in order to measure and reward providers for value.
• The measures of value: How will value be measured? There are a number of different measures that can be used, such as patient satisfaction, clinical outcomes, and cost-effectiveness.