Accountable Care Organizations (ACOs) apply a number of strategies to improve patients’ health, resulting in a number of financial, practical and medical benefits.
Efficient care, lower costs
Reducing costs is inherently wise business practice. More efficient care boosts your bottom line.
Shared cost savings
Providers earning good quality scores are eligible for sharing cost savings with the federal government.
Better quality healthcare
Financial incentives encouraging the most effective care results in better outcomes. It also spurs continual improvement in care.
Coordination of healthcare
Care coordination among providers and institutions reduces errors and promotes a whole-person approach to health, ensuring cooperative care for problems that require the expertise of multiple disciplines.
ACOs use patient portals to give patients a more active role in staying healthy, reducing costs. They also promote co-located specialists and ride-sharing to get people into doctors’ offices.