Exact(5)
A year-end reconciliation is then required against actual outturn value.
CQUIN funding is up to 1.5% of contract outturn value, conditional upon achievement of quality outcomes specified in the contract.
The contract outturn value is a locally agreed package of quality improvement goals and indicators, which, if achieved enables the provider to earn its full CQUIN payment (calculated as 1.5% of the actual outturn value of the provider contract).
The financial value of a CQUIN scheme is specified nationally as a % of actual outturn value of the provider's contract.
Because CQUIN funding is currently up to 1.5% of contract outturn value, conditional upon the achievement of quality outcomes specified in the contract, by achieving CQUIN goals healthcare professionals may be incentivised to adopt revised working practices in order to 'earn' extra monies at a departmental level in order to both improve their working practices and increase patient satisfaction.
Similar(55)
"Value, value, value.
At the start of the year, the expected value of the scheme should be calculated as a % of the estimated total outturn contract value for commissioned patient services.
For now, we still view an August hike to be the most likely outturn.
Guidance is for a similar outturn in the second quarter of 202.
First-quarter growth was 8.7% year on year and the Slovak government expects the full-year outturn to be 7.7%.
The outturn may be almost double that.None of this detracts from the coalition's success in cutting costs, though.
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