Accountable Care Organizations ACOs are a crucial component of the evolving healthcare landscape, aiming to improve patient outcomes while reducing costs. Providers play a pivotal role in their success and understanding key aspects is essential for their effective participation.
What Are ACOs?
These are collaborative networks of healthcare providers, including hospitals, physicians, and other healthcare professionals, working together to deliver coordinated and high-quality care to a defined patient population. The primary goal is to enhance patient outcomes and satisfaction while controlling healthcare costs.
ACO Structure and Formation
Collaborative Network: ACOs bring together various healthcare entities that share responsibilities for patient care coordination.
Formation: They can be formed by hospitals, physician groups, or a combination of both, creating a diverse team focused on comprehensive patient care.