The Commonality Between Value-Based Purchasing (VBP) and Pay-For Performance (P4P)

question 3

Multiple Choice

The commonality between Value-Based Purchasing (VBP) and Pay-for Performance (P4P) is:

• A) VBP and P4P have the same setting, such as private health plans.
• B) VBP and P4P were both initiated in 2004.
• C) VBP and P4P focus on awards or penalties and the mechanism of payment.
• D) VBP and P4P integrates information on quality with cost data.

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Definitions:

Safe Harbor Provision

A legal provision that provides protection from liability under certain conditions, often used in securities, copyright, and tax laws.

Private Securities Litigation Reform Act

A 1995 U.S. federal law designed to increase the legal standards required to file securities fraud lawsuits to protect companies from frivolous litigation.

Prospectus

A detailed document provided by a company about an offering of securities to potential buyers.

Cautionary Statements

Statements made to warn or advise individuals typically regarding potential risks or dangers associated with certain actions or products.