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Learn The Lingo

Learn the Lingo: Key Terms for Navigating the Value Based Care World

With the shift toward value-based payment models, pharmacists are seizing new opportunities to improve patient care in medical homes, accountable care organizations, and other innovative care models. This resource includes acronyms and terminology commonly used when practicing in or discussing innovative practice models. Each term includes a short description and references so you can further your practice in a value based care world. This is the first of multiple volumes that will be published by the Medical Home/ACO SIG.

Patient-Centered Medical Home (PCMH)

Patient-Centered Medical Home (PCMH)

According to the Agency for Healthcare Research and Quality (AHRQ), a PCMH is a model of the organization of primary care that delivers the core functions of primary health care.1 They are also often called medical homes, primary care medical homes, medical neighborhoods, advanced primary care practices, and patient-centered health care homes. In adopting the PCMH model, primary care practices transform their practice to integrate the following functions.

Pay-for-performance

Pay-for-performance

“Pay-for-performance (P4P) is an umbrella term for initiatives aimed at improving the quality, efficiency, and overall value of health care.”1 It is a term involving payment models that tie reimbursement to metric-driven outcomes, practice guidelines, and patient satisfaction in order to improve the overall quality and value of health care. There are numerous quality metrics that can be utilized, with the majority spanning across 4 domains: patient/caregiver experience, care coordination/patient safety, preventive health, and at-risk populations. The metrics used are publically reported, creating transparency and further incentivizing organizations to protect and strengthen their reputations. Both the Centers for Medicare and Medicaid Services (CMS) and commercial payers have created P4P models in order to play a role in the national strategy to transition health care to value-based medicine.

Pharmacy Quality Alliance (PQA)

Pharmacy Quality Alliance (PQA)

The Pharmacy Quality Alliance (PQA) is an independent, nonprofit national organization dedicated to improving medication safety, adherence, and appropriate use. A measure developer, researcher, educator and convener, PQA’s quality initiatives support better medication use and high-quality care.

Plan-Do-Study-Act (PDSA)

Plan-Do-Study-Act (PDSA)

The Plan-Do-Study-Act (PDSA) cycle is a continual, four-step model that is used in quality improvement efforts in order to test change.1

 

Population Health

Population Health

Population Health refers to the outcomes of a group of individuals with similar characteristics—including the distribution of such outcomes within the group—and the role of health determinants. These health determinants can include medical care, public health, social environment, genetics, and individual behavior.1 According to the Centers for Disease Control and Prevention (CDC), population health allows for health care organizations to collaborate and improve outcomes in the community.

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