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.
A
- Attributed Patient
- A patient formally assigned to a specific provider for measuring cost and quality performance under a value-based payment arrangement.
- Attribution
- The process of formally assigning a patient to a provider for measuring cost and quality performance under a value-based payment arrangement.
E
- Experimental Value Measurement
- A value measurement conducted to test a new outcome or cost measurement approach before wider adoption within a value-based payment arrangement.
P
- Provider Payment
- Provider payment refers to the methods and arrangements through which healthcare providers are paid for delivering services, including fee-for-service, capitation, bundled payments, salaries, global budgets and value-based payment.
Q
- Quality Policy
- An organisational or government policy establishing expectations related to healthcare quality, from public reporting to value-based payment programmes.
- Quality-Based Incentive
- A financial reward provided to a provider for achieving specific, predefined quality performance targets under value-based payment arrangements.
S
- Shared Savings ProgrammeShared Savings Program
- A formal value-based payment programme in which providers earn a share of savings relative to a benchmark, provided quality standards are met.
V
- Value-Based Payment
- A general term for arrangements tying provider reimbursement to quality, efficiency, or outcomes, rather than volume alone under fee-for-service.
- Value-Based Safe Harbor
- A US legal protection permitting certain value-based payment arrangements that might otherwise raise concerns under standard anti-kickback fraud rules.