StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Incentive Programs in Healthcare - Essay Example

Cite this document
Summary
This paper concerns the Pay-for-Performance initiative of the US Healthcare system that focuses on improving the quality of healthcare and reducing the costs involved in the system. The initiative is ably supported by the Affordable Care Act…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Incentive Programs in Healthcare
Read Text Preview

Extract of sample "Incentive Programs in Healthcare"

Through this program the providers are given a budget for patient care and are also provided bonuses when they meet certain quality targets. A major incentive provided to healthcare providers by the pay-for-performance program is their entitlement to bonuses if the quality or healthcare measures agreed upon by the institute is met or exceeded. For example if the hospital is able to show reductions in the hemoglobin A1c levels in diabetic patients or if they are able to lower the rate of hospital readmissions in a year to year basis.

Another similar initiative has been incorporated in the Medicaid and Children’s Health Insurance program. The program initiated by the Massachusetts Medicaid hospital based pay-for-performance provides incentives for hospitals on the basis of set quality indicators. For instance, providing antibiotics within 6 hours of the patient’s arrival in the case of pneumonia and giving prophylactic antibiotics within one hour of surgery in order to prevent any infection that could result from the surgery.

All these initiatives take into account both patient care and the quality of healthcare and costs associated. They are mutually beneficial to both the patients and the healthcare organizations as these programs concentrate on both the quality afforded to the patients and the cost of healthcare treatment.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“In the promotion of higher quality, lower cost, and safe health care, Essay”, n.d.)
In the promotion of higher quality, lower cost, and safe health care, Essay. Retrieved from https://studentshare.org/miscellaneous/1646371-in-the-promotion-of-higher-quality-lower-cost-and-safe-health-care-health-care-payers-have-initiated-a-number-of-incentive-programs-discuss-two-of-these-incentive-programs-how-do-the-programs-selected-improve-the-quality-of-healthcare-to-population
(In the Promotion of Higher Quality, Lower Cost, and Safe Health Care, Essay)
In the Promotion of Higher Quality, Lower Cost, and Safe Health Care, Essay. https://studentshare.org/miscellaneous/1646371-in-the-promotion-of-higher-quality-lower-cost-and-safe-health-care-health-care-payers-have-initiated-a-number-of-incentive-programs-discuss-two-of-these-incentive-programs-how-do-the-programs-selected-improve-the-quality-of-healthcare-to-population.
“In the Promotion of Higher Quality, Lower Cost, and Safe Health Care, Essay”, n.d. https://studentshare.org/miscellaneous/1646371-in-the-promotion-of-higher-quality-lower-cost-and-safe-health-care-health-care-payers-have-initiated-a-number-of-incentive-programs-discuss-two-of-these-incentive-programs-how-do-the-programs-selected-improve-the-quality-of-healthcare-to-population.
  • Cited: 0 times

CHECK THESE SAMPLES OF Incentive Programs in Healthcare

Human Resources-Benefits

However, these incentive systems in the past either focused on outcome measures or process measures in healthcare.... Thus, the incentive system of rewarding hospitals based on outcome measures proved to be unfair and the introduction of HIVBP could effectively address these drawbacks of earlier reward systems in healthcare.... There have been many efforts to implement pay-for-performance programs in the health care industry ever since 2003....
3 Pages (750 words) Essay

Wellness Program in the Workplace

The problem that is analyzed in this paper is whether the wellness programs at the workplace carry some worth for employers.... The wellness program benefits the employee as well as the employer because these programs allow the employer to take preventive measures to look after the employee's health and avoid minor and major health issues.... nbsp;  By implementing wellness programs, there will be a smaller number of absentees due to a health issue, and the employees will be more productive as they will be free from getting worried about the health issues (Lankford, 2010)....
8 Pages (2000 words) Term Paper

Healthcare service delivery

A consumer-driven health movement was defined as “a type of healthcare financing designed to reduce health spending by providing a financial incentive for consumers to choose the best healthcare value” (Montgomery, 2009, par.... What is the impact of Bachman's “five building blocks of healthcare consumerism” for health care managers?... Bachman's five building blocks of healthcare consumerism focus on: “(1) personal accounts (FSAs, HRAs, HSAs); (2) wellness/prevention and early intervention programs; (3) disease management and case management programs; (4) information and decision support programs; and (5) incentive and compliance reward programs (Bachman, 2006)....
3 Pages (750 words) Essay

Performance of ABC Hospital

The US healthcare industry is in an accelerated pace in terms of growth, but the industry, unfortunately, is facing an acute shortage of nurses.... hellip; The demand for registered and experienced nurses keeps escalating and the healthcare industry is not able to cope up with the situation by finding suitable candidates due to a dry spell that they experience due to a variety of reasons....
5 Pages (1250 words) Essay

Increasing the Motivation of the Healthcare Workers

in healthcare, what we do really affects patients and their safety so if we satisfy their needs, they will also treat us as very important in their welfare.... The other component is self efficacy and it is very important in healthcare as it ties in with the type of care we give.... incentive programs are probably the easiest way to measure an increase in motivation, but I doubt that short term incentives really create long term internal change within an employee....
3 Pages (750 words) Assignment

The Vision of the Globally Integrated Enterprise

Furthermore, the monetary and non-monetary incentive programs practiced by IBM have facilitated the organization to prevent competent and quality employees from leaving the organization along with motivating them to perform dedicatedly in the workplace.... hellip; Accordingly, it has been determined that IBM offers a wide range of competitive benefit and reward programs to assist its employees to build a solid and stable financial foundation in order to facilitate them to meet their assorted needs including income protection, healthcare, personal interests along with retirement security....
1 Pages (250 words) Essay

Performance Incentive Programs in Healthcare

In the essay “Performance Incentive Programs in Healthcare” the author analyzes a New Health System for the 21st Century.... In the second report of the Committee on Quality of Health Care in America, the “quality gap” of the healthcare practice in America was revealed with over 70 studies documenting quality shortcomings....  In the second report of the Committee on Quality of Health Care in America, the “quality gap” of the healthcare practice in America was revealed with over 70 studies documenting quality shortcomings....
6 Pages (1500 words) Research Paper

The Emphasis of the UK Government on the Prevention of Diseases

The reduction in the budget also has an incentive added to it.... Instead of the health issuing mandatory requirements for the various local governments and their health industry to abide by the budget, the government is going to give a cash incentive for the local governments that are able to reduce the cases of health within their locality....
7 Pages (1750 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us