Accountable Care Organizations (ACO)

Accountable Care Organizations (ACOs) are groups of healthcare providers, like doctors and hospitals, that come together to improve patient care. They share responsibility for managing patients' health, focusing on care quality and cost efficiency. ACOs aim to improve outcomes by coordinating services, reducing unnecessary procedures, and preventing hospitalizations. When they successfully keep patients healthy, they can share in the savings generated from reduced healthcare costs. Essentially, ACOs promote teamwork among providers to deliver better health results while controlling expenses, ultimately benefiting patients and the healthcare system.