Value Partnerships Incentive Programs

Categories: Change Incentives to Promote Better Care

Working closely with physician organizations and hospitals, Blue Cross Blue Shield of Michigan launched the Value Partnerships Incentive Programs, which are designed to improve care quality and reduce costs.  These pay-for-performance initiatives foster collaboration among various stakeholders, contributing to the development of a highly functioning, quality-based healthcare system.  They include:

• Physician Group Incentive Program – Offers physician organizations financial incentives to focus on both long-term improvements in systems of care and short-term savings opportunities. PGIP mobilizes physician organizations via an array of initiatives that are focused on areas such as improving pharmacy or radiology cost and use, increasing adherence to evidence-based medicine standards for chronic disease or implementing capabilities that are needed to equip practices to function as patient-centered medical homes.
• Hospital Pay-for-Performance Programs – Provide financial incentives for mid-size and large acute care hospitals, as well as rural facilities, participating in BCBSM Collaborative Quality Initiatives, which promote high-quality, efficient and affordable patient care