Payment By Results (PbR) is an implementation of the "Payment by Results (PbR) 2013-14)" guidance document. Its purpose is to assist NHS staff correctly allocate the funding for secondary care flows around the NHS in England.
PbR is the payment system in England under which commissioners pay healthcare providers for each patient seen or treated, taking into account the complexity of the patient’s healthcare needs. The two fundamental features of PbR are nationally determined currencies and tariffs. Currencies are the unit of healthcare for which a payment is made, and can take a number of forms covering different time periods from an outpatient attendance or a stay in hospital, to a year of care for a long term condition. Tariffs are the set prices paid for each currency.