AMCP Publishes New Pay-For-Performance Principles
Alexandria, Va., Dec. 14, 2021 — As part of AMCP’s commitment to strengthening initiatives that contribute to high-quality pharmacy networks and drive better outcomes for patients, AMCP announces its support of the use of payment arrangements for pharmacists that include performance-based metrics related to the services they provide.
“AMCP supports pharmacy pay-for-performance principles that, above all, promote fairness and are based upon meaningful measurements and transparent processes,” said AMCP CEO, Susan Cantrell, MHL, RPh, CAE. “Pharmacists provide essential contributions to care delivery and are well-suited for participation in interventions designed to increase value and promote quality in health care.”
Increasingly, performance-based reimbursement for pharmacies is showing value to the U.S. health care system. The adoption of pay-for-performance principles creates opportunity for the development of quality pharmacy networks that reward high performing pharmacies dedicated to delivering improved care to patients while protecting patient access.
The 13 principles developed by the AMCP Public Policy and Professional Practice committees are outlined and defined in the AMCP Executive Summary on performance-based reimbursement. It is anticipated that this issue will continue to attract attention and action from federal and state policymakers, particularly as the use of performance-based reimbursement continues to increase. Ultimately, AMCP anticipates that performance-based arrangements will help improve quality care while providing incentives to pharmacies that achieve better health outcomes.
AMCP is the professional association leading the way to help patients get the medications they need at a cost they can afford. AMCP’s diverse membership of pharmacists, physicians, nurses, biopharmaceutical professionals, and other stakeholders leverage their specialized expertise in clinical evidence and economics to optimize medication benefit design and population health management and help patients access cost-effective and safe medications and other drug therapies. AMCP members improve the lives of nearly 300 million Americans served by private and public health plans, pharmacy benefit management firms, and emerging care models. Visit www.amcp.org.