Accountable Care Organization (ACO)
- Health First Network has reached an agreement with Universal American (NYSE - UAM) through its subsidiary Collaborative Health Solutions to form an Accountable Care Organization (ACO). An ACO is a provider based organization authorized by the Centers for Medicare and Medicaid Services (CMS) to provide care for Medicare beneficiaries. To directly quote the CMS website, the purposes of an ACO include:
"...help doctors, hospitals and other health care providers better coordinate care for Medicare patients."
"...create incentives for health care providers to work together to treat an individual patient across care settings."
"...reward ACO's that lower their growth in health care costs while meeting performance standards on quality of care and putting patients first."
This is a very exciting development for the physicians in Health First Network. It not only places them in the forefront of health care reform, it gives the physicians the ability to make their own determinations of how care is to be coordinated and delivered to patients. Added to this is the fact there is opportunity for the physician to earn a share of any savings achieved with no downside risk.
- ACCOUNTABLE CARE COALITION OF NORTHWEST FLORIDA, LLC TO PARTICIPATE AS A MEDICARE SHARED SAVINGS PROGRAM ACCOUNTABLE CARE ORGANIZATION
- Medicare Shared Savings Program Frequently Asked Questions
- ACO High Risk Patient Letter and List