Healthcare Pay-for-Performance

Healthcare Pay-for-Performance (P4P) is a system that rewards healthcare providers, like doctors and hospitals, based on the quality and efficiency of the care they deliver. Instead of just paying for treatments regardless of outcomes, the focus is on achieving better patient results, such as improved health, reduced errors, and quicker recoveries. If providers meet or exceed specific performance standards, they receive financial incentives. P4P aims to motivate healthcare providers to enhance care quality, improve patient experiences, and optimize resource use, ultimately leading to better health outcomes for patients.