Reference no: EM133237168

Value-based purchasing or pay for performance (P4P) schemes are reimbursement schemes that compare provider performance against some pre-defined standards to make payment decisions. Both private and public payers, including Medicare, have adopted some form of value-based purchasing among their reimbursement plans. In Assignment #1, you will work on value-based purchasing from the perspective of a healthcare provider. Imagine that you work in a acute care facility, Better Health Hospital, in the Flint, MI area where Medicare is the dominant payer (i.e., majority of the patients are Medicare covered). The hospital is experiencing a trend of declining Medicare revenue in the last few years. You are the manager responsible for complying with the Medicare-required value based purchasing measures applicable to your hospital. What solutions you can design for your hospital to prevent the decline in Medicare reimbursement?