Brace yourself – Pay for performance will change your professional life
Abstract: Like it or not, pay for performance (P4P) is here to stay, and physicians need to face that reality by preparing themselves both operationally and psychologically. This article gives an update on where the health care system is today in regard to P4P programs, and offers some interesting statistics on how these programs are being administered. Finally, the article provides timely tips to help prepare your practice for P4P. An informative sidebar discusses the Physician Quality Reporting Initiative, Medicare’s first step toward P4P.