Accountable Care Organization aims to coordinate care effectively among multiple healthcare organizations. Driving results using ACO’s model is the goal of many healthcare facilities, since the model is effectively delivering results. In fact, Accountable Care Organizations now serve 14% of Americans according to Oliver Wyman, a global leader in management consulting. Let’s see some of the reasons, how the ACO deliver results.
ACO integrates patient data from several sources which ultimately provides accurate information concerning the patient. ACO strength lies in using EMR to provide the high quality service to the patients. By using EMR software, the data of the patients are combined and made accessible to the providers in real-time for effectively clinical decision support services.
ACO helps facilitates for the patient process that includes: claims processing, payment and revenue generation. Contract negotiation and claim submission to payers are also managed by ACO.
ACO model establishes effective governance and administrative infrastructure. It is built in a way that allows for expansion as per need of the organization. It combines the facilities, instruments, intellectual capabilities of healthcare providers and different organizations in one single platform. This is a useful strategy practices can use in order to save their costs. They can Coordinate with other healthcare providers and use their services when needed. A model known as ‘virtual ACOs’ unites providers for the purposes of computer analysis determining contributions in terms of efficiency, and savings distribution.
ACOs provide a model of care delivery unparalleled with any other model out there for your practice. It has been recognized for both government and private sector. Since, new compliances’ and certifications keep on arising; ACO model of care delivery is a delivery care model of the future. With burgeoning medical care costs, the adoption of a cost saving model like ACO would definitely maximize your revenue.
