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.

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Definitions:

Marketing Analytics

Marketing analytics is the practice of measuring, managing, and analyzing marketing performance to maximize its effectiveness and optimize return on investment (ROI).

Pricing Decisions

The process of determining the selling price of a product or service, taking into account cost, competition, and demand factors.

Perceive The Value

The process by which consumers understand and appreciate the worth of a product or service.

Core Aspects

The fundamental elements or characteristics that define something's essence or most important features.