Value-based purchasing – it’s here, and it’s going to change home care across the country.
The Centers for Medicare and Medicaid Services introduced a new value-based purchasing – or VBP -model this year that shifts how home health agencies are reimbursed.
The new model prioritizes quality of care as opposed to the traditional “fee-for-service” set up – in essence, the better care an agency provides, the higher the compensation they receive.
The model measures quality of care by evaluating 24 measures, which include everything from communication between agencies and patients to vaccine coverage and improvements in medication administration to pain management.
Only agencies in nine states – Arizona, Iowa, Nebraska, Florida, Maryland, North Carolina, Massachusetts, Washington and Tennessee – are subject to the new model as part of a pilot program, but it’s sure to extend to the rest of the U.S. soon. In part 2 of this series, we’ll share tips for preparing your agency to comply with VBP.