pay for performance


Also found in: Acronyms, Wikipedia.

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 ?
8220;The existence of a pay for performance strategy alone is not a differentiator between high- and low-performing organizations - most organizations, regardless of market performance, reported that they are using some sort of pay for performance strategy,” said David Wentworth, a i4cp Senior Analyst and author of the report.
This report was an ardent motivator in promoting the adoption of new, safe practices related to quality and pay for performance.
Nelson, a member of the Institute of Medicine's study committee on pay for performance.
In the short term, in fact, pay for performance will probably increase utilization of services and cost, he said during the panel session.
And some feel that pay for performance does have negative effects, as well, such as causing rifts among physicians who achieve performance goals and those who don't (18 percent) and demoralizing physicians who fail to meet the goals (17 percent).
The money available for pay for performance should be used to educate us about "best care/error-free" medical care.
Engaging physicians in pay for performance should not be taken lightly by a hospital.
The AMA's support for any type of pay for performance or other type of quality reporting program "is dependent on stopping the Medicare pay cuts," AMA president J.
Welcome to the world of physician pay for performance.