Accountable Care organization (ACO) – Incorporation of pay-for-performance oriented results.

ACO’s are authorized entities that refer to a group of providers (e.g. physicians, caregivers and hospitals) that works collectively to provide coordinated care to Medicare beneficiaries for minimum period of three years. The key objective to induce ACO is to decrease healthcare expenses, improve care-quality and develop patient commitment. According to a survey, Health and Human Services (HHS) declared 89 fresh ACOs in agreement with CMS, promising to provide quality care to the people associated with Medicare. For more details, go with this page.

      

ACO implementation has now become a necessary action for any physician. To empower primary care and earn patient accountability, the physician had to offer best suited practices to handle cost and sustain quality control. Every physician wants to line up the business with complete care coordination. To succeed as an ACO, providers must apply seamless efficiency to improve medical quality, customer satisfaction and effective performance oriented measures with overall costs reduction. Herewith, physician’s responsibility gets very much critical.  

Following are the types of providers which can participate as a Medicare ACO:

1. Physicians and other professionals in group practice arrangements
2.  Physicians and other professionals in networks of practices
3. Partnerships or joint venture arrangement between hospitals and physicians or other health professionals
4. Other forms the HHS Secretary may determine to be appropriate

US law purposed multi-faceted challenges for the physicians’ to implement new standards for healthcare, reimbursement and information technology. With this fact, majority physicians become more responsible for delivering their services in future.

Accountable Care Organization (ACO) Workflow