Final answer:
CMS withholds a portion of payments from SNF PPS to fund the Nursing Facility VBP Program.
Step-by-step explanation:
The statement is true. CMS (Centers for Medicare and Medicaid Services) withholds a portion of payments from SNF PPS (Skilled Nursing Facility Prospective Payment System) to fund the Nursing Facility VBP (Value-Based Purchasing) Program.
The Nursing Facility VBP Program is a pay-for-performance initiative designed to incentivize nursing facilities to improve the quality of care provided to Medicare beneficiaries. It links a portion of SNF PPS payments to performance on quality measures.
By withholding funds, CMS encourages nursing facilities to focus on improving their performance and outcomes, ultimately benefiting both the facilities and the patients they serve.