An Accountable Care Organization (ACO) is a group of doctors, hospitals, and other health care providers, who voluntarily come together to give coordinated high quality care for a defined population of patients.
The goal of coordinated care is to ensure that patients get better care, while lowering costs by avoiding unnecessary duplication of services and preventing medical errors.
The ACO model differs greatly from traditional fee-for-service, which pays providers for each type of service rendered. The ACO model not only ties payment directly to patient outcomes but to how quickly and efficiently the care is delivered to the patient. When an ACO succeeds by meeting all the quality and efficiency benchmarks, the group can share in all or part of the savings.
Transitioning from a traditional fee-for-service model to an ACO reimbursement model can be a risky undertaking for most organizations. The WRS Health IT Platform provides you with a full suite of services from electronic health records and revenue cycle management to health information exchange connections, all designed to ensure an easy transition while capturing all the key data points you need to track and report on your benchmark goals.
If you are thinking of transitioning to or participating in an ACO, you need to have a strong Health IT partner (like WRS Health) to make sure the core goals and your organizational competencies are strengthened such as:
For an ACO or a participating organization, communication and coordination of care is of the upmost importance. With WRS Health, everything is integrated into the patient’s EMR, enabling a seamless data flow, coordination among providers, locations and reporting.