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.
Special Pharmaceutical Benefits Program (SPBP) Special Pharmaceutical Benefits Program (SPBP) covers prescriptions and some lab services for people with HIV/AIDS or with a diagnosis of Schizophrenia. It is not a health insurance program. SPBP applications and re-enrollment forms may now be submitted by email to spbp@magellanhealth.com. Click here to download a copy of the application. For more information on the program, click here.