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 ?
As setting goals becomes more challenging, and the "story" for shareholders becomes more complicated, it is incumbent on boards to more rigorously assess the performance goals in their incentive plans to ensure effective pay for performance alignment.
With the passing of the Affordable Care Act, pay for performance has gained substantial growth in the healthcare system.
Now, the pay for performance trend is found in many Fortune 500 companies.
The CMS emphasis on paying for value is simply pay for performance by another name.
Pay for Performance programs, as distinct from Standard Offer programs, began with NYSERDA's Multifamily Performance Program, and now include state programs for New Hampshire and New Jersey.
"Variable pay for performance often leads employees to focus exclusively on areas covered by the criteria and neglect other important tasks," they said.
Use of pay for performance and other financial incentives to improve quality may be able to reduce care disparities.
Pay for performance models are being put into practice with incredible urgency.
In addition, documenting the processes that a nurse conducts is difficult, time-consuming and expensive in the current pay for performance systems.
WASHINGTON -- Physicans may never embrace pay for performance with open arms, but they do need to get in the game.