P4P.docx - Running head P4P 1 P4P Student\u2019s Name Course Instructor\u2019s Name Date of Submission P4P 2 P4P High cost of inefficiency posts elevated

P4P.docx - Running head P4P 1 P4P Studentu2019s Name...

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Running head: P4P 1 P4P Student’s Name Course Instructor’s Name Date of Submission
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P4P 2 P4P High cost of inefficiency posts elevated critics to the US system of. Additionally, it is attributed that the level of health services is not satisfactory (Chen & Cheng, 2016). This hiccups has resulted to many reforms in healthcare system in approach to improve service quality at the same time moderating operation costs, reimbursements and conflicts arising from health providers’ compensations. Pay for Performance (P4P) has been one of the approach proven to reduce frictions within health providers as well as improving healthcare services. The approach mentioned above incorporates incentives given to providers and physicians based on the visible performance (Milstein & Schreyoegg, 2016). P4P influences providers or healthcare organizations in increasing efficiency in services and reduce associated operational cost. Many scholars have attempted to expound on the value for P4P, however, challenges in its operational still occurs. This paper attempts to review possible changes associated in P4P programs designing, how it affects payment reforms of providers and their reactions towards it as well as benefits patients get from the approach. Challenges Associated in Designing P4P Program Regardless of the P4P benefits such as marketing the USA healthcare system as pertained on the quality and affordability, a couple of challenges faces designing P4P program. The major challenge faced by P4P program designing is a definition of quality (Kyeremanteng, et. al., 2019). Based on cost effectiveness, life expectancy is the main aspect used to measure healthcare quality efficacy (Ryan & Werner, 2013). Providers and customers get a desire of getting a distinct
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