Wednesday, April 18, 2012

Understanding ACO

http://www.cms.gov/apps/media/press/factsheet.asp?Counter=4334&intNumPerPage=10&checkDate=&checkKey=&srchType=1&numDays=3500&srchOpt=0&srchData=&keywordType=All&chkNewsType=6&intPage=&showAll=&pYear=&year=&desc=&cboOrder=date

ACO which stands for Accountable Care Organization is a healthcare entity that would be held accountable for improving care while reducing costs through coordinated care. This is all part of Medicare Shared Savings Program. All ACO's that are successfull in providing quality care and at the same time reducing health care costs will share in savings to Medicare. Does anyone know what percentage that is? This fact sheet shows the first 27 ACO's who signed up to be in the program. Two of them are hoping for higher share of savings in exchange for sharing any losses if costs of care increased. Now, that's interesting!

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