Quality Incentive Program (QIP)

The Quality Incentive Program (QIP) is a system that rewards healthcare providers, such as hospitals, for delivering high-quality care. It encourages them to improve patient outcomes by linking financial incentives to performance on specific quality measures, like safety, patient satisfaction, and effective treatment. Essentially, providers who meet or exceed certain standards can receive bonuses or better payments, while those who fall short may face penalties. The goal is to motivate continuous improvement in healthcare quality, ensuring patients receive safer, more effective, and patient-centered care.