The Centers for Medicare & Medicaid Services (CMS) has announced a new rule for hospital inpatient value-based purchasing that plans to give monetary incentive for hospitals to meeting and exceed quality and safety measures, and is also intended to make care safer by reducing medical errors.

Under the program, hospitals that do well both in terms of quality of care and the patient experience – or hospitals that have made improvements in their delivery of care – would be rewarded with higher payments. And, the higher a hospital’s performance or improvement during the performance period during any given fiscal year, the higher the hospital’s value based incentive payment.

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