RevCycle Intelligence November 13, 2023
Accountable care organizations promote higher care quality at lower costs while shifting risk to providers, making the model a staple of value-based care.
The healthcare payment process is undergoing a dramatic transformation as payers and providers shift from volume to value. While stakeholders are currently piloting many value-based care models, accountable care organizations (ACOs) are among the most popular and successful models to date.
According to the Centers for Medicare and Medicaid Services (CMS), ACOs are groups of physicians, hospitals, and other healthcare providers who voluntarily coordinate care for patients with the goal of delivering high quality care.
ACO participants also agree to take on responsibility for the total costs of care for their patients. ACOs that reduce the total...
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