Accountable Care Organizations (ACO’s) are groups of physicians, hospitals, insurers, and community-based organizations that come together to coordinate care for a defined population of patients.
Picture a healthcare system where people, even though living longer, are healthier than ever before; the quality of care is continually improving, and the cost of care is affordable for all Americans.
Now imagine this…healthcare providers across the country, from primary care doctors and specialists, to hospitals and large health systems, are all collaborating and coordinating care with each other to improve outcomes for their patient populations.
That’s Accountable Care in action. The job of ACO’s is to seek out long-term and post-acute care providers that can demonstrate the ability to safely prevent re-admissions. Those that do so are predicted to become favored partners for Medicare discharges and gain a competitive edge in their markets where ACO’s are active. In essence, as subcontractors to ACO’s, assisted living providers may, for the first time ever, become part of the Medicare revenue stream.
ACO’s will soon provide a huge opportunity for residential care. Are you ready to be a part of it?
This tip was provided by AtCura. Come hear AtCura speak about ACO’s and their impact on the residential care market at Small Provider Conference this December.