CHA DataSuite has issued a hospital-specific analysis of the value-based purchasing (VBP) program. The analysis is intended to provide hospitals a preview of the program’s potential impact for federal fiscal year (FFY) 2024, based on the most recent publicly available data and program rules established by the Centers for Medicare & Medicaid Services (CMS).
CMS is neither penalizing nor rewarding hospitals for the FFY 2022 and FFY 2023 VBP programs due to the impact of the COVID-19 pandemic. CMS did provide a subset of data for individual measures and the clinical outcomes (FFYs 2022 and 2023) and efficiency (FFY 2023) domains but did not provide the total performance score or adjustment factors, and therefore, no impacts were calculated.
For FFY 2024, VBP performance periods are impacted by the extraordinary circumstances exception granted by CMS in response to the public health emergency, so no claims data or chart-abstracted data reflecting services provided from Jan. 1 to June 30, 2020, will be used in the calculations for VBP.
The FFY 2024 figures are estimates, based on CMS’ second quarter of 2023 update of Care Compare.
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