Accountable Care Organizations (ACOs)
Accountable Care Organizations (ACOs) are groups of healthcare providers, like doctors and hospitals, that come together to deliver coordinated and high-quality care to patients. The goal of an ACO is to improve patient health while reducing costs. They focus on prevention and ensuring that patients receive the right care at the right time. When ACOs successfully keep patients healthy and cut unnecessary expenses, they can share in the savings with Medicare or other insurers, incentivizing them to work together to provide better overall care.
Additional Insights
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Accountable Care Organizations (ACOs) are groups of healthcare providers, like doctors and hospitals, that work together to deliver better care to patients. Their goal is to improve health outcomes while reducing costs. ACOs focus on coordinated care, ensuring patients receive appropriate treatments and preventive services. They are rewarded financially for keeping patients healthy and reducing unnecessary procedures, rather than being paid for each individual service. This approach encourages providers to prioritize patient well-being and efficiency, ultimately leading to a more sustainable healthcare system.