The MHA and DataGen hosted the first of two webinars focused on the Medicare fee-for-service (FFS) quality-based programs June 7 to review the Medicare value-based purchasing (VBP) program. A recording and materials from the webinar are now available.
The Medicare fee-for-service (FFS) VBP program is funded by a 2% contribution from inpatient operating payments of all eligible prospective payment system (PPS) hospitals with these funds, totaling approximately $1.9 billion, redistributed among hospitals nationally. Each hospital’s total performance score is determined based on four program domains comprised of various measures. Although the Centers for Medicare and Medicaid Services (CMS) held all hospital scores neutral in fiscal year (FY) 2022 and 2023 and neither penalized nor rewarded hospitals due to the COVID-19 pandemic, the CMS will resume scoring for the FY 2024 program. The VBP program provides hospitals the opportunity to earn more or less than their 2% contribution and is budget neutral nationally.
The second webinar will be held at 1:30 p.m. June 14 and focus on the Medicare Readmissions Reduction program (RRP) and Hospital Acquired Conditions (HAC) reduction program. For these programs, hospitals can remain whole or be subject to payment penalties up to 3% for the RRP and 1% for the HAC program.
Members are encouraged to register for this webinar. Those with questions regarding these programs or webinars should contact Vickie Kunz at the MHA.