Home Health & Hospice Week
ACOs Are On The Rise
You can’t ignore this trend.
The Centers for Medicare & Medicaid Services believes so firmly in its accountable care organizations that the agency has added 121 new participants to the program, bringing the number of ACOs up to 477, according to a release. The added organizations will allow ACO programs to serve almost nine million beneficiaries across the country.
“Americans will get better care and we will spend our health care dollars more wisely because these hospitals and providers have made a commitment to change how they do business and work with patients,” says HHS Secretary Sylvia Burwell in the statement. “We are moving Medicare and the entire health care system toward paying providers based on the quality, rather than the quantity of care they give patients.”
As most providers are aware, ACOs collect Medicare payments not based on how many procedures they perform, but on the quality of the patient’s health outcomes. The government intends to move 30 percent of fee-for-service payments to alternative payment models by the end of this year.
Resource: To read more about the latest in ACOs, visit www.hhs.gov/about/news/2016/01/11/new-hospitals-and-health-care-providers-joinsuccessful-cutting-edge-federal-initiative.html.
Home Health & Hospice Week
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