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2018 Value Based Payment Reporting Requirements Technical Specifications Manual York State Department of Health Email Address: VIP×health.NY.governs is a registered trademark of the National Committee

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What is value based payment?

Value based payment is a healthcare payment model where providers are paid based on the quality of care they deliver rather than the quantity of services provided.

Who is required to file value based payment?

Healthcare providers, hospitals, and other entities participating in value based payment programs are required to file value based payment.

How to fill out value based payment?

Value based payment reporting may involve submitting data on quality measures, patient outcomes, and cost savings achieved through value based care initiatives.

What is the purpose of value based payment?

The purpose of value based payment is to incentivize healthcare providers to improve the quality of care, reduce costs, and focus on patient outcomes.

What information must be reported on value based payment?

Information that must be reported on value based payment may include quality metrics, patient experience data, and financial information related to value based care initiatives.

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