Accountable Care Organizations (ACOs) are groups of providers who agree to give high quality care to their Medicare patients. As of January 2022, there are 483 Medicare ACOs serving over 11 million beneficiaries.
Participating ACOs pledge to improve the quality and cost of care for a defined patient population of Medicare beneficiaries. In turn, they receive a portion of savings generated from care coordination as long as quality was also maintained. They are considered value-based initiatives.
ACOs was a healthcare industry trend in our 2022 March Healthcare Classic. Explore this year’s interactive bracket to see the most impactful healthcare trends face off.