Accountable Care Organizations are networks of healthcare providers who come together to provide improved and much cost-effective health care to patients. The organizations are often developed under the Medicare Shared Savings Program – part of the Affordable Care Act of 2010. Initially, the organizations were intended to support Medicare participants, but today, they have expanded to include private networks. Generally, accountable care organizations were developed to share information, offer more effective treatment services, and decrease or remove redundancies for patients in the Medicare systems.
ACO has played a crucial role in improving the quality of health care delivery. They are often built around a patient’s primary care physicians and also include specialists, hospitals, and other service providers to ensure optimal efficiency in health care provision. ACOs are established to bring better and effective coordination between primary physicians, specialists, hospitals, and private or public health payers. ACO is expected to reach quality improvement goals and reduce the cost associated with medical services by concentrating on population health management.
In the health care sector, Accountable Care Organizations has the potential of ensuring cost savings or reducing spending in healthcare. New federal regulations and healthcare reforms such as the Affordable Care Act have brought much focus on cutting spending throughout the medical space. In 2010, the Affordable Care Act positioned the development of accountable care organizations. They bring an impact on the quality of health care by reducing the cost of care among the patients. It is important to note that the high cost of health care provision has been a significant impediment to the quality of healthcare. Some people cannot afford to pay for the high cost of care provision. Therefore, reducing the cost of care will ensure t
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