Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
O
- Outcome-Based PricingPerformance-Based Pricing, Pay-for-Performance Pricing
- A pricing arrangement in which some or all payment for a treatment depends on it achieving predefined clinical outcomes in actual practice.
P
- Pay-for-PerformanceP4P, Performance-Related Pay
- A methodology linking a portion of provider reimbursement directly to measured performance on quality, efficiency, or outcome metrics, rather than volume alone.
Q
- Quality BonusPerformance Bonus, Quality Payment
- An additional payment for achieving or exceeding a specific quality performance benchmark, used within pay-for-performance arrangements.