Providers taking part in a Medicare experiment saved money by funneling care away from skilled-nursing facilities and other settings, and toward physician services, according to a new analysis.
Accountable care organizations participating in Medicare's Shared Savings and Pioneer models saved the program roughly $713 million last year — nearly double the amount of savings recorded in 2015.
Try as the researchers and regulars might, there's still head-scratching going on about accountable care organizations. While the future of value-based purchasing seems secure, what ACOs will look like and how widely they'll be adopted is still up in the air.
More than just collecting data, providers need to use standardized, nationally recognized measures. Especially in this era of ACOs and alternative payment models. In the past, many individual providers used their own methodology to create their own "data driven" story.
The government's top health insurer has announced that providers could get a first look at a new type of Medicare accountable care organization this month. It has been modeled closely after a controversial managed care program and includes new waivers for skilled nursing facilities.
Seniors are more satisfied with their healthcare and believe it is more coordinated if their providers are part of an Accountable Care Organization, according to first-of-its-kind research from the Harvard Medical School Department of Health Care Policy.
Long-term care providers shouldn't be afraid to ask questions and drive the conversation with vendors when purchasing an electronic health record system, according to an industry expert.
Long-term care providers must have a collaborative mindset if they want to join an accountable care organization, according to a panel of experts at the LINK LTC & Senior Living Conference. Top executives from the payer organizations discussed ideal characteristics of ACO partners.
Mixed results from the first year of an ambitious accountable care organization program should not deter providers from moving toward coordinated care models, according to prominent observers. All 32 of the Pioneer ACOs met quality measures in their first year and earned associated incentive payments, according to a July 16 report from the Centers for Medicare & Medicaid Services.
The Seattle IHT2 Health IT Summit, now in its seventh year, will focus on defining meaningful use as participants convene on Wednesday, Aug. 22. The opening keynote will be on the "State of the Health Care IT Union" by Advisory Board Executive Director David Garets. Other sessions will cover accountable care organizations, security and privacy in health IT, and telehealth applications. The summit will be held at the Seattle Marriott Waterfront. Future summits will be held in 2012 in New York City in September; Beverly Hills, CA in November; and Austin, TX, in December.
Those most likely to benefit from participation in accountable care organizations may face the biggest barriers to enrollment, a new report suggests.
Despite a somewhat rocky start, Medicare beneficiaries have been supportive of accountable care organizations, a government official said.
Anne Tumlinson made a startling revelation about hospital discharges during a recent McKnight's webcast.
Provider groups are pushing Congress to replace the formula Medicare uses to reimburse physicians and eliminate other regulatory burdens.
Clearly, the assisted living field has made some amazing strides in the past few decades.
"The Healthcare Executive's Guide to ACO Strategy" dissects the integral components of accountable care organizations from physician, provider, and payer views. The book also includes an analysis of final federal regulations. The publication is intended to offer advice on successful ACO implementation. Among the covered how-to topics: participating in the CMS Shared Savings program, distinguishing the various characteristics of an ACO and its operations, understanding reimbursements, and more.
We're hearing a lot about the looming world of accountable care organizations, or ACOs, especially with Monday's unveiling of the 32 "pioneer" organizations. Odds are you have a lot of work to get ready.
I haven't heard them pronounced this way yet, but long-term care providers might want to consider it when it comes to ACOs. Instead of spelling it out, as in A-C-O, say it phonetically, as in "Ache-O."
If there were any doubt, you can erase it now: If you're a long-term care provider, you MUST make sure you are ingrained in whatever form accountable care organizations take near you in the future. That message came through exceedingly clear from Mark Parkinson, president and CEO of the American Health Care Association, during a free-ranging sit-down Tuesday with reporters.