The Centers for Medicare & Medicaid Services (CMS) will base a portion of your hospital reimbursement payments on how well your hospitals perform in 20 key measures beginning in fiscal year 2013. Are you ready? Value-based Purchasing (VBP), a program resulting from the Patient Protection and Accountable Care Act of 2010, requires CMS to base a portion of hospital reimbursement payments on how well hospitals perform in 20 VBP measures, instead of on merely their reporting on those measures. Moreover, VBP pits your hospitals against the entire market: the cost-neutral program is funded by withholding money from all hospitals and returning the funds to those hospitals that meet the performance measurements. You need to know where your hospitals stand in this value-based purchasing scramble, and how to improve your scores on the CMS measures so you can earn back any funds that have been withheld and protect your bottom line. HCD’s KnowledgeEdge Value-based Purchasing application helps hospitals track and monitor the quality measures mandated by CMS. A Summary tab enables you to assess all the VBP measures in one view and see your overall VBP score. The Process of Care and Patient Experience tabs provide detailed graphs, charts, and reports for the measures in each of these categories. From there, you can drill down to the details that determine your score, so you know exactly which measures need attention and what the financial repercussions will be if the hospital doesn’t improve. For instance, you can connect each VBP measure with specific physicians, nurse stations, or other staff – not just with roles or departments – for full individual accountability. Value-based Purchasing Applicaon DataSheet value-based purchasing ©2012 Health Care DataWorks, Inc. ALL RIGHTS RESERVED 1801 Watermark Drive, Suite 250, Columbus, Ohio 43215 | 877.979.4239 | [email protected] | www.hcdatawor ks. com Create “what-if” scenarios that tie your performance to revenue gained or lost • See the financial repercussions due to a decrease in performance across any VBP domain • Adjust your VBP scores to determine how a percentage increase in scores could result in more money back from CMS • A built-in VBP Impact Calculator allows you to: Health Care DataWorks, Inc. (HCD), a leading provider of business intelligence solutions, empowers healthcare organizations to improve their quality of care and reduce costs. Through its pioneering KnowledgeEdge TM product suite, including its enterprise data model, analytic dashboards, applications, and reports, Health Care DataWorks delivers an Enterprise Data Warehouse necessary for hospitals and health systems to effectively and efficiently gain deeper insights into their operations. For more information, visit www.hcdataworks.com. The KnowledgeEdge Value-based Purchasing (VBP) application enables you to see your overall VBP score at a glance. It also provides the details you need about 20 VBP measures across: • Process of Care • Patient Experience