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The term accountable care organization was first used by Elliott Fisher in 2006 during a discussion of the Medicare Payment Advisory Commission. In 2009, the term was included in the federal Patient Protection and Affordable Care Act. [2] It resembles the definition of Health Maintenance Organizations (HMO) that emerged in the 1970s. Like an ...
An accountable care system is a system of healthcare provision which is intended to be integrated, and in particular to merge the funding of primary care with that for hospital care, therefore providing incentives to keep people healthy and out of hospital. It has features in common with accountable care organizations in the United States.
It is the program by which an accountable care organization interacts with the federal government, and by which accountable care organizations can be created. [109] It is a fee-for-service model. The Act allowed the creation of accountable care organizations (ACOs), which are groups of doctors, hospitals and other providers that commit to give ...
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According to the New England Journal of Medicine, holding off creation of accountable care organizations (ACOs) was likely to be a bad long term strategy for physicians. [22] Critics of IPAB charged that the board's cost-cutting mandate would inevitably bring about a reduction in care, despite the anti-rationing language in the bill.
Accountable care organization, a type of health system model; Acetoxy group (AcO), a chemical functional group; All-trans-8'-apo-beta-carotenal 15,15'-oxygenase, an enzyme; Analog Coherent Optical module (CFP2-ACO), an interoperability agreement produced by the Optical Internetworking Forum
[11] [page needed] According to the accountable care organizations (ACOs), care coordination achieves two critical objectives—high-quality and high-value care. ACOs can build on the coordinated care provided by the PCMHs and ensure and incentivize communications between teams of providers that operate in various settings.
Advocate Health Care, an accountable care organization in Chicago, Illinois, implemented a nutrition care program at four of its Chicago area hospitals, an initiative that resulted in more than $4.8 million in cost savings within 6 months due to shorter hospital states and lower readmission rates (reduced 30 day readmission rates by 27% and the ...