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Grand Canyon University Accountable Care Organizations Discussion

Grand Canyon University Accountable Care Organizations Discussion

Question Description

Accountable Care Organizations (ACOs) are healthcare providers, hospitals, and other care providers who coordinate care to deliver high-quality care to Medicare patients. The goal of ACO’s is to give the patient the right care at the right time to decrease duplications in tests and exams and preventing medical errors. (Accountable Care Organizations (Acos) | Cms, n.d.). Financial incentives are realized when hospitals and healthcare providers reduce the length of hospital stays, readmissions to the hospital, and emergency room visits. The organizations agree with Medicare to provide care for selected diagnoses, usually chronic illnesses, for a set fee. It is in the organization’s best interest to provide high-quality care for the diagnosis to maximize reimbursement. If they spend more than the diagnosis rate allows, they lose money. Providing innovative ways for patient care is essential in making this reimbursement program profitable for the hospital and saving Medicare money.

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