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Running head: ACCOUNTABLE CARE ORGANIZATIONS 1 Accountable Care Organizations Walden University July 15, 2017 Accountable Care Organization The Affordable Care Act urges doctors and healthcare institution to increase the quality of patient care while reducing the cost of health care. It is an incentivize plan, where the medical facility and the providers are eligible for bonuses for delivering high-quality care. To this end, the Accountable Care Organization was designed to appropriate the financial and medical
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SHORTENED TITLE UP TO 50 CHARACTERS 2 obligation for providing safe and efficient care to the patients while reducing expenditures. In a virtual environment, this paper will discuss the Accountable Care Organization. Significance of Accountable Care Organization The Patient Protection and Affordable Care Act of 2010, under section 3022 established the Accountable Care Organization (ACO) as a tool to save money and to improve the quality of care to Medicare patients (Milstead, 2013). The aim of the ACO is to provide a unified, high- quality care for Medicare beneficiaries, and as an alternative to the fee-for-service health care. The significance of the ACO is for patients and providers to be real partners in their care and decision making by become a patient-centered organization (American Nurses Association, n.d.). Healthcare providers have a choice either to participate or not to participate. If a Medicare patient has a vendor who is involved in ACO, the patients can maintain all their Medicare rights like choosing their own doctors and providers that accept Medicare (Centers for Medicare & Medicaid Services, 2017). There are many services that Medicare offers when the patient and the providers participate voluntarily. It also means that the health care cost is lowered, and at the same time quality of care provided is at its best (Marquis & Huston, 2015). Centers for Medicare and Medicaid Services (CMS) offers programs that are beneficial to the patient and the providers: - Medicare Shared Savings Program: The purpose of this Shared Savings Program is to provide quality care for Medicare beneficiaries and to eliminate the redundant cost with the coordination and cooperation of the providers. The aim is to give improved care and better outcomes for individuals and communities with low cost .
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