Benefits Of The Next Payment Model

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The next payment model is one that offers fiscal incentives to providers. The financial incentives are often received by both the physician and hospital. This is called the pay for performance concept. The initial motivation for this shared risk contracting payment model is to advance compliance with standards of care. This payment model also aims to improve health outcomes and safety of patients (Kongstvedt, 2013). The pay for performance model encourages physicians and hospitals to have a clear and accurate picture of what is required and expected of them. This is often done by setting clear concise goals and measuring care that was provided. Researchers believe that the factors that are to be measured need to be simple. Making them simple
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