pay for performance

(redirected from Pay-for-performance)
Also found in: Dictionary, Encyclopedia.

pay for performance

,

PFP, or, P4P

The use of specific indicators of health care efficiency or quality to increase or decrease the funds paid to health care providers for the services they render.
References in periodicals archive ?
Pay-for-performance programs should be designed to promote evidence-based care, encourage collaboration among providers, support patient autonomy, protect patient privacy, and include full disclosure of financial incentives.
RESOLVED, that the American Nurses Association develop and promote principles and guidelines to assist registered nurses in evaluating current and proposed pay-for-performance initiatives and in determining whether to support and/or participate in the implementation of those initiatives; and be it further
But at the end of the day, it was the pay-for-performance piece and the desired end-state of retaining your top performers" that stood out.
As one poll respondent put it, pay-for-performance programs "are an inevitable rising tsunami that will overtake us.
The firm has hired a human resources clerk who does this and attends to other compensation and payroll duties involving the new pay-for-performance process.
However, only 61% have actually conducted a pay-for-performance analysis that compares the company's relative financial performance with its relative pay positioning.
The physicians who are participating in pay-for-performance heartily agree (75 percent) that the programs reward physicians who meet performance goals, and a good many (60 percent) also say the programs encourage physicians to improve the quality of their patient care.
Establishing a physician-dominated oversight committee is essential to the launch of any pay-for-performance effort.
Traditional pay-for-performance rewards individuals, not the teams created under re-engineering.
NEW YORK -- Sibson Consulting has released a new study on Real Pay-for-Performance which examines the management, results and success factors of pay-for performance programs.
Sparked by employer initiatives such as Leapfrog and Bridges to Excellence, key industry leaders have implemented provider pay-for-performance programs designed to align incentives and encourage provider participation in quality care, customer satisfaction and efficiency improvement programs.
Pay-for-Performance Programs: Guiding Principles and Design Strategies