What Is the CMS Skilled Nursing Facility Value-Based Purchasing Program (SNF VBP Program)?
The CMS (Centers for Medicare and Medicaid Services) SNF VBP Program rewards skilled nursing facilities (SNFs) with incentive payments linked to the quality of care they provide to their fee-for-service Medicare patients. The initial focus of the program is on reducing hospital readmissions. The SNF VBP Program is yet another step by CMS in the movement from volume-based to value-based Medicare reimbursement.