What Is An Accountable Care Organization?

What Is An Accountable Care Organization?

• 1.
  WHAT IS AN ACO? BY TXCIN
• 2.
  An Accountable CareOrganization, or ACO, is a network of physicians, specialists, surgeons, and hospitals who agree to coordinate care for a patient population, with the goal of improving quality care, while eliminating unnecessary spending. http://www.insight-txcin.org/post/why-accountable-care-organizations-succeed
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  WHY WERE ACO’S ESTABLISHED?  ACO’s wereestablished by the Center for Medicare and Medicaid Services (CMS) with the goal to provide better care for individuals, better health for populations, and lower growth in expenditures (DHHS)
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  WHY WERE ACO’S ESTAB- LISHED? It’s important tonote that as lawmakers searched for ways to reduce the national deficit, Medicare became a prime target. With baby boomers entering retirement age, the costs of caring for the elderly and disabled Americans were expected to soar (Gold). ACO’s could help cut costs, while improving care. They became the vehicle for implementing a new payment model in healthcare called “value-based purchasing.
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  HOW DOES AN ACO WORK? AnACO coordinates the communication and medical care efforts of doctors, imaging specialists, surgeons, hospitals, home health caregivers, and even pharmacies to diagnose and treat patients, and to help them stay healthy in the future.
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  ACO’s are designedto change the traditional healthcare model through the following ways:
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  C A O Align the differentcomponent parts of patient care-- primary care, specialists, hospitals, home health care-- into an organized collective. Oversee the quality of care of their patients by making sure that their network is meeting performance standards set by the CMS. Look for ways to eliminate unnecessary spending in order to lower the overall cost of healthcare for its patients. Supply that network with the technology to efficiently communicate and coordinate patient care.
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  WHAT’S IN IT FORTHE ACO? The more an ACO can reduce costs, while maintaining quality care and outcomes, the more financially rewarding it can be for everyone invested in the ACO.
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  ABOUT TXCIN North Texas Clinically IntegratedNetwork, Inc. (dba TXCIN) is a non-profit ACO that began in late 2014. A small group of independent physicians aligned to initiate clinical integration and value- based contracting. Partnering with RevelationMD and its state-of-the art information platform, TXCIN has become the largest independent network of physicians in North Texas.
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  Want More? http://www.insight- txcin.org/post/why- accountable-care- organizations-succeed