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 Requirements. Page Content. There are two types of Medicare coverage in which you are required to enroll when you become eligible: Part A (Hospital Insurance) and Part B (Medical Insurance). Medicare is the primary payer for Medicare Part A services for Medicare enrolled Fundsâ beneficiaries. The Funds is the primary payer for Medicare Part B services, if you have no other group health plan that is primary. You are required to notify the Funds when you become eligible for Medicare. When you are Medicare-eligible, you must enroll in Part B in order to keep your Fundsâ health services card. The Funds will not provide health benefits for beneficiaries who are eligible but not enrolled in Medicare.