DEFINITION of 'Oil Refinery' An industrial plant that refines crude oil into petroleum products such as diesel, gasoline and heating oils. Oil refineries essentially serve as the second stage in the production process following the actual extraction by oil rigs.
Value-Based Purchasing. Starting in October 2012, Medicare began rewarding hospitals that provide high-quality. care for their patients through the new Hospital Value-Based Purchasing (VBP) Program. Hospitals paid under the Inpatient Prospective Payment System (IPPS) are paid for inpatient. acute care services based on quality of careânot the volume of services they provide.
âUsing Big Data to Transform Careâ is an outstanding issue. In addition to the data resources discussed by Niall Brennan and coauthors (Jul 2014), the Medicare spending per beneficiary (MSPB) data represent an extraordinary data source from the Centers for Medicare and Medicaid Services (CMS).