C162 Application of Healthcare Business and Financial Management Principles

A1. VBP Degree of Implementation The Hospital Value-Based Purchasing (VBP) Program is a Centers for Medicare & Medicaid Services (CMS) initiative that rewards acute-care hospitals with incentive payments for the quality care provided to Medicare beneficiaries. Section 1886 of the Social Security Act established the Hospital VBP Program, affecting payment for inpatient stays in more than 3,000 hospitals across the country. The initiative is a part of CMSs larger quality strategy to reform how health care is delivered and paid (Centers for Medicare & Medicaid Services, 2017). Florida Hospital is a hospital located in Orlando, Florida and has an overall rating of three out of five stars. The overall...