The CMS has issued several documents to help transition the Medicare fee-for-service program to a system that pays providers on the basis of quality and value, rather than on volume of services.
One of the papers released by the agency offers steps to implement quality and resource-use measurement to improve the delivery of care. The other supplies a road map to help implement value-based purchasing in the fee-for-service program.
Value-based purchasing, which is designed to link payments more directly to the quality of care provided, is a necessary tool at a time when healthcare costs are skyrocketing, according to a statement issued by the CMS.
Healthcare currently represents one-seventh of the economy with spending totaling more than $2 trillion annually, according to the agency. By 2017, the nation is expected to spend roughly $4 trillion on healthcare, or 21% of the gross domestic product.
These documents are intended to offer a vision for the future and potential options for CMS to pursue to improve the quality and value of healthcare delivered in the United States, said Kerry Weems, acting CMS administrator, in a written statement.
What do you think? Post a comment on this article and share your opinion with other readers. Submit your comments to Modern Healthcare Online at [email protected]. Please be sure to include your hometown and state, along with your organization and title.