Value-based purchasing is a concept that might be seen more and more in the near future from health care providers. P.Q.R.I., or Physician Quality Reporting Initiative, is a program established by Medicare. During the summer, a federal law was established which provides a 1.5 percent pay incentive for physicians to report quality measures through this program.
As more physicians begin to utilize quality care reporting, it is estimated by researchers that an increased number of less-ill patients will be treated. This, in turn, could possibly be the next big breakthrough in health care as more serious illnesses are caught and prevented in the earlier stages. This turn of events might eventually bring about lower health care costs as patients are being treated before more costly treatments are needed to reestablish good health.
I hope everyone had a safe summer and a happy Labor Day! I am looking forward to resuming my medical transcription blog! I am going to be changing the format to a weekly review of events rather than daily postings.
