Your assignment: In a TWO page single spaced typed paper : 1. summarize this ar

Your assignment: In a TWO page single spaced typed paper : 1. summarize this article identifying the key elements and models of VBP, 2. discuss the overall objective of VBP, and 3. give your view-opinion on the impact VBP will or will not have on reducing cost and increasing quality care (will it change behaviors?) Grading will be based on demonstrated understanding of the article and its main thesis, use of coherent sentences, correct grammar and spelling as well as packaging. Use essay form. Your writing style should be business and professional. Be concise and direct. Reference the article– using examples and even using direct quotes to expand your discussion and substantiate your points.
Please read the posted article, ” Payor-Provider Contracting in Era of Value-Based Purchasing Payment Reform Models. The health insurance industry that includes managed care companies i.e. Healthfirst, Affinity, United and government plans i.e. Medicare and Medicaid are seeking payment models that reward providers for the quality of care provided rather than for the number of procedures performed. This article although written a few years ago applies to the the Centers for Medicare and Medicaid (CMS) and managed care companies that are now focused on developing payment models that move from a volume to a value based reimbursement methodology. Seeking to reduce costs while increasing quality care and producing good outcomes, managed care companies and CMS are establishing what is referred to as Valued Based Reimbursement or as called in this article, Value Based Purchasing (VBP) that is contracting with providers and giving them financial incentives to change behavior, drive quality and produce good outcomes.