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Integrated Healthcare Association
Valuated PayforPerformance
Program
Audit Review Guidelines
Measurement Year 2017
Released November 2017Content reproduced from FEDIS 2018, Volume 5: FEDIS Compliance
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How to fill out value-based pay-for-performance

How to fill out value-based pay-for-performance
01
To fill out value-based pay-for-performance, follow these steps:
02
Identify performance metrics: Determine the key performance indicators (KPIs) that will be used to evaluate performance and measure value.
03
Set performance targets: Establish specific targets or benchmarks that employees must meet or exceed in order to receive pay-for-performance incentives.
04
Align incentives with value creation: Ensure that the pay-for-performance structure is designed to reward behaviors and outcomes that align with creating value for the organization.
05
Communicate expectations clearly: Clearly communicate the performance metrics, targets, and incentives to employees, ensuring they understand what is expected of them.
06
Monitor and evaluate performance: Continuously monitor and evaluate employee performance against the established metrics and targets.
07
Reward and provide feedback: Recognize and reward employees who meet or exceed the performance targets, and provide feedback to help them improve and continue adding value.
08
Review and refine the program: Regularly review the value-based pay-for-performance program to assess its effectiveness and make any necessary refinements.
09
Communicate results: Share the results of the value-based pay-for-performance program with employees and stakeholders to demonstrate its impact and effectiveness.
Who needs value-based pay-for-performance?
01
Value-based pay-for-performance is beneficial for organizations that want to:
02
- Encourage and motivate employees to perform at a higher level
03
- Drive a culture of continuous improvement and value creation
04
- Reward and retain top performers
05
- Align employee incentives with organizational goals
06
- Increase overall productivity and performance
07
- Attract and recruit top talent in a competitive job market
08
- Improve customer satisfaction and loyalty through better employee performance
09
- Create a fair and transparent compensation system based on objective performance metrics
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What is value-based pay-for-performance?
Value-based pay-for-performance is a payment model that rewards healthcare providers based on the quality of care they provide to patients.
Who is required to file value-based pay-for-performance?
Healthcare providers participating in value-based payment programs are required to file value-based pay-for-performance.
How to fill out value-based pay-for-performance?
Value-based pay-for-performance can be filled out by reporting on specific quality measures and outcomes related to patient care.
What is the purpose of value-based pay-for-performance?
The purpose of value-based pay-for-performance is to incentivize healthcare providers to deliver high-quality care to patients.
What information must be reported on value-based pay-for-performance?
Healthcare providers must report on quality measures, patient outcomes, and performance indicators in value-based pay-for-performance programs.
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