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Value-Based Payment Modifier (VM) Implementation Timeline 2012 2015 2017 2013 Identify measures  of cost and quality Specify initial performance period Implementing the VM through the rule-making process VM applies to select physicians and physician groups VM applies to all physicians and physician groups
BEFORE 2015: Fee for Service Rewards Quantity Medicare wastes $120 billion per year  (30% of all  Medicare spending) unnecessary tests and procedures
AFTER 2015:  Value Modifier Rewards QUALITY Low Cost.................. High Quality Care..... Outcome-Focused....

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U.S. Senator Maria Cantwell at Swedish's 100 Health Care Innovation Symposium

  • 1. Value-Based Payment Modifier (VM) Implementation Timeline 2012 2015 2017 2013 Identify measures of cost and quality Specify initial performance period Implementing the VM through the rule-making process VM applies to select physicians and physician groups VM applies to all physicians and physician groups
  • 2. BEFORE 2015: Fee for Service Rewards Quantity Medicare wastes $120 billion per year (30% of all Medicare spending) unnecessary tests and procedures
  • 3. AFTER 2015: Value Modifier Rewards QUALITY Low Cost.................. High Quality Care..... Outcome-Focused....