Accountable Care Organizations (ACOs) are groups of doctors, hospitals, and other health care providers, who come together voluntarily to give coordinated ...
People also ask
What does an ACO stand for?
Accountable Care Organizations are groups of clinicians, hospitals and other health care providers who come together voluntarily to give coordinated high-quality care a designated group of patients.
Are ACOs only for Medicare patients?
While ACO activity is prevalent across health care payer types, most ACO activity occurs under the Medicare program through models instituted by the Centers for Medicare & Medicaid Services (CMS) and CMS Innovation Center.
What are the two types of ACO?
In the one-sided model, an ACO does not assume any downside risk. This approach allows an ACO with less experience in risk models to gain experience with population health management. In a two-sided shared savings arrangement, ACOs take on upside risk and downside risk, sharing in both savings and losses.
What does ACO mean in business?
Accountable care organization (ACO) is an umbrella term for a major switch in contracting between providers and public or private payers.
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