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.