Financing the System
States or other payers must consider two key elements when implementing a pay-for-performance system:
- How will the system be paid for?
- What types of incentives will be implemented?
Payment mechanisms to consider include:
- Grant funds. States may use grant funding to initiate a pay for performance system but will need to consider the long term sustainability when this funding ends.
- Hold backs. States may hold back a certain percentage of funds to pay for the incentives. Often in such systems, the state pays at a certain percentage of total dollars (e.g., 95 percent) and uses the remainder to pay for the incentives.
In the STAR-SI program, states that have implemented pay-for-performance systems have incorporated one of two types of incentives into the contracts.