AMMC Receives More Than $82,000 Through State Medicaid IQI Program
November 1, 2011
Arkansas Methodist Medical Center was recently recognized as one of 31 hospitals in the state to receive monetary awards through the state’s Medicaid Inpatient Quality Incentive (IQI) Program. To qualify for the 2011 incentive payments, AMMC improved to a 95% success rate on selected quality measures. In addition, the hospital was also required to receive validation on data submitted by the Arkansas Foundation for Medical Care through an evaluation process.
For the state’s 2010 fiscal year, which covers dates from July 1, 2010 to June 30, 2011, AMMC received a first quarterly payment of $82,419. Over the last five years of the program’s existence, more than $450,000 has been awarded to the hospital for meeting specified quality of care standards.
The IQI Program was developed through a partnership between Arkansas Medicaid, the Arkansas Foundation for Medical Care (AFMC) and the Arkansas Hospital Association. The first bonus payments were awarded in 2007. Providing financial incentives for hospitals to improve specific aspects of care targeted by the IQI not only results in better treatment for patients, but lowers overall healthcare costs by preventing the need for more expensive services. The IQI has received national recognition for its innovation and has positioned Arkansas as a leader in national Medicaid pay-for-performance efforts.
According to Assistant Chief Nursing Officer Lana Williams, RN, BSN, CPHQ, "The success of this program this past year is credited to the dedicated nursing staff that have assisted
in successful completion of the quality care measures. AMMC has a very caring, compassionate nursing staff that strives every day to give the best possible care to every patient."