P4P definition
Examples of P4P in a sentence
For qualifying MCPs as determined by Section 2.a., performance will be evaluated on the measures below to determine the status of the at-risk amount or any additional P4P that may be awarded.
The parties will continue meeting to develop a new compensation system (to replace the Pay for Performance (P4P) Program).
P4P include the at-risk amount included with the monthly premium payments (see Appendix F, Rate Chart), and possible additional monetary rewards up to $250,000.
This Appendix establishes P4P for managed care plans (MCPs) to improve performance in specific areas important to the Medicaid MCP members.
Beginning in Performance Year 2, a subset of Quality Measures will be pay-for- performance (P4P) – i.e., the Contractor’s score will be based on the Contractor’s performance.
To qualify for consideration of the SFY 2008 P4P, an MCP’s performance level must meet the minimum performance standards set in Appendix M, Performance Evaluation, for the measures listed below.
For Performance Years 4-5, all Quality Measures will be pay-for-performance (P4P).
The maximum number of achievement points in the domain is calculated by multiplying the number of Pay-for-Performance (P4P) measures in the domain, in the given PY, by the number of available achievement points per measure.
For qualifying MCPs, higher performance standards for three measures must be reached to be awarded a portion of the at-risk amount and any additional P4P (see Sections 1 and 2).
If an MCP meets all three excellent and superior standards, they may be awarded additional P4P (see Section 3).