ACO (Accountable Care Organization)

An Accountable Care Organization (ACO) is a healthcare group of doctors, hospitals, and other providers that work together to provide coordinated, high-quality care to patients. The goal is to ensure patients receive the right care at the right time, while avoiding unnecessary tests or procedures. If the ACO helps improve patient outcomes and reduces healthcare costs, it shares in the savings with Medicare or other payers. Essentially, ACOs aim to promote collaboration among healthcare providers to deliver more efficient, effective care, benefiting both patients and the healthcare system financially.