The environment for the delivery of prescription drug services and the management of medication use is changing. EQuIPP is an innovative performance management platform that was designed to help pharmacy organizations adapt and thrive in a performance-based environment.
The healthcare system is trending towards a proliferation of value-based purchasing arrangements in which payment for services is tied not just to a set fee per service, but also to an incentive for providers who can demonstrate improvements in patient care. One of the strongest drivers for this change is the Centers for Medicare & Medicaid Services' Star Ratings for Parts C/D and "quality bonus payments" for Medicare Advantage plans. Medicare plans have millions of dollars at stake relative to their star ratings.
Medication management services have already been highlighted in expectations for Medicare Part D plans, Accountable Care Organizations, and Patient Centered Medical Homes. As these and other new models continue to evolve, there is a clear opportunity for pharmacy organizations to become more active participants in outcomes-focused quality improvement efforts.
EQuIPP allows pharmacy organizations to better understand the impact they have on patient care by providing user-friendly dashboards of benchmarked performance information, based on accepted standards of quality care. Further, EQuIPP connects its partner organizations to resources that can help them improve. Pharmacy-level access to performance dashboards and quality improvement resources supports active pharmacist engagement in organizational initiatives aimed at improving the quality of services delivered.