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Medicare's Physician Value-Based Payment Modifier - Will the Tectonic Shift Create Waves?
N Engl J Med. 2013 Nov 6;
Authors: Chien AT, Rosenthal MB
Abstract
For at least two decades, the Centers for Medicare and Medicaid Services (CMS) has been transforming itself from a passive payer to an active purchaser of health care, a process that was accelerated by the passage of the 2010 Affordable Care Act (ACA). One ACA provision ushered in a new payment paradigm for physicians - the Physician Value-Based Payment Modifier (PVBM).(1) The PVBM seeks to financially reward physicians who provide health care that is high value - both high in quality and low in cost.(2) Although the PVBM is being rolled out to physicians in large groups first, the legislation requires . . .
PMID: 24195501 [PubMed - as supplied by publisher]