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.
Medicare Part B benefits. Medical services and supplies covered by Medicare Part B include (but may not be limited to): Doctor visits. Laboratory tests and X-rays. Emergency ambulance services. Mental health services. Durable medical equipment. Preventive services, such as pap tests, flu shots, and screenings.