The Hospital Value-Based Purchasing (VPB) Program Is a CMS Initiative

question 13

True/False

The Hospital Value-Based Purchasing (VPB) Program is a CMS initiative that rewards acute-care hospitals with incentive payments based on the cost of care that they provide to the beneficiary/patient who receives Medicare while they are in their care.

Recognize the significance of power distance and its orientation in leadership and organizational behavior.

Identify and explain the process and impact of upward leadership within organizations.

Understand the dynamics of idiosyncrasy credits and their relevance to leadership and organizational norms.

Recognize the importance of followership and its theories in the study of leadership.

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Definitions:

Manufacturing Plant

A facility used for the production of goods through the combination of human labor, machinery, and processes.

Other Comprehensive Income

This encompasses earnings, revenues, expenses, and gains or losses that are not included in net income, reflecting the total non-owner changes in equity.

Accrued/Prepaid Pension Cost

Expenses related to pension plans that have been incurred but not yet paid, or payments made in advance for future pension costs.

Defined Benefit Pension Plan

A retirement plan where employee benefits are calculated using a formula considering factors like salary history and duration of employment.