ACO Archive

Healthcare Organizations Need To Accept Accountable Care Arrangements

As per recent reports, major healthcare providers and healthcare IT companies have started to accept accountable care arrangements as an option to improve the healthcare facilities. Using these arrangements results in cutting down the overall cost involved as well as improving the patient care and thus, enhancing health management. Accountable care organizations or ACOs look

Healthcare Consumer Satisfaction Significantly Improves With Accountable Care Organizations

The growth of Accountable Care Organizations is, without doubt, one of the greatest changes that occurred in the past few years. Enhancing quality of care, mitigating healthcare costs, and improving healthcare consumer experience is something the Affordable Care Act is designed for. A recent study revealed that beneficiaries are happier with their care after a

Accountable Care Organizations (ACO) – What You Need to Know About Setting Up an MSSP ACO

Accounting Care Organizations are required to submit the names of ACO participants. Examples of such participants include a group and solo practice, a pharmacy, an acute care hospital, a Critical Access hospital, a federally qualified health and a rural health center, and other such entities that are enrolled with Medicare and bill Medicare for services.

Considering an ACO? You Need to Start Planning Now

If you’ve read our blogs regarding Medicare’s new ACO model, perhaps you’re wondering how you can get started and how long the process will take. The below chart provides a general overview of what you can expect relative to the typical application process.   It’s important to note that the window for beginning the ACO

ACO’s, The Real Deal or Passing Fad?

We have all seen it over the years as the health care sector responds to the latest government initiative.  I wonder as the sector moves toward the ACO model, will it be with us long term?  When you look at what is happening with acquisitions of physician practices it does make me also wonder if

ACO + Healthcare IT EHRs = Increase in Software Innovation

ACOs lower the cost of healthcare by merging healthcare services and streamlining the process for patients to receive medical attention. Many ACOs use Healthcare IT EHRs to improve on this process by providing automated systems that can maintain the work load of a typical provider and allow different providers easier access to a patient’s medical

Setting Up an ACO: Who to Hire and Why

Setting up an Accountable Care Organization (ACO) can be a daunting task, to say the least. In addition to making sure that an ACO has complied with CMS guidelines/rules, a crucial component to getting started is hiring the best physicians. A recent article published by the American Medical Association highlighted the importance of hiring physicians

Money Up front: ACOs and The Advance Payment Model

Anticipating relatively high start-up costs, the Innovation Center of CMS developed the Advance Payment Model (APM) to complement the Shared Savings Program.  The APM is a limited model available to smaller ACOs that generally serve rural-based areas; however, the ACO may participate in either Shared Savings Program track. In order to qualify as an APM

Medicare Accountable Care Organizations: Steps to Getting Started

While the excitement surrounding Medicare Accountable Care Organizations (ACO) is clearly reverberating throughout the physician community, there continues to be a significant knowledge gap regarding the basic steps that must be taken to form an ACO. While a blog cannot provide a full step-by-step guide to ‘getting started’, I will address the relevant key considerations

CMS Penalties for Readmissions Create Additional Momentum Toward ACO Formation and EHR Utilization

Bonuses for successful accountable care organizations (ACO) have created quite a ‘buzz’ in the healthcare community. Two new developments – penalties for hospitals and quality of care data published online by the U.S. Department of Health and Human Services (HHS) – will build on this momentum and increasingly drive Accountable Care Organizations formation. Earlier this