Which statement(s) is (are) correct about 'Pay for Performance' in health care? A. Higher quality care for less cost is the goal
of ""Pay for Performance"" B. Payments systems that reward healthcare providers for their efficiency in treating patients C. All are correct statements D. Value-based purchasing is the same concept.
Pay for performance, also known as value-based purchasing, is when physicians, hospitals and healthcare providers are payed incentives for meeting certain measures.
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Answer: The correct option is C ( All are correct statements).
Explanation:
Pay for performance in the health sector are payment systems that reward healthcare providers for their efficiency in treating patients but also also penalizes health care providers for poor outcomes, medical errors, or increased costs. This will indeed motivate health practitioners to take cognitive care about the lives of their patients.
Their major goal is higher quality care for less cost and valued based purchasing.This indeed favours both middle and low class income earners in the country.
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