Value-Based Incentive Fund. A fund included in the Value-Based Incentive Program used to reward Participating Providers and Preferred Providers for high-quality care delivery.
Value-Based Incentive Fund. The Board will adopt a Value Based Incentive Fund Model (VBIF) for Performance Year 2019, subject to any required regulatory approvals. The VBIF will be presented to the Participants and Preferred Providers on or before the start of the Performance Year(s). In addition, the model will be posted and available on the ACO Provider Portal. The 2019 VBIF is incorporated herein and will be as follows: ACO will accumulate funds in a separate designated account earmarked for VBIF, as negotiated in each ACO Program Agreement. The VBIF is to reward designated Participants and Preferred Providers who meet quality goals in each ACO Program. Distributions will be calculated separately for each ACO Program after the close of the Program Year when quality measure performance is reported to ACO by the Payer. Participants and Preferred Providers may only receive VBIF funding for ACO Programs in which they participate. The fund will be distributed by a methodology established by the Board and consistent with ACO strategy, 70% to attributing primary care providers based on attribution and 30% to the remainder of the network who qualify based on proportion of TCOC spend during the Performance Year. VBIF payments shall be of a minimum $100. Exhibit A2 2019 Performance Year Shared Risk and Savings Policy
