The healthcare payment process is undergoing a

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“The healthcare payment process is undergoing a dramatic transformation as payers and providers shift from volume to value. Accountable care organizations, or ACOs, are groups of hospitals, physicians, and other providers who agree to coordinate care for patients and deliver the right care at the right time, while avoiding unnecessary utilization of services and medical errors” (Understanding the Fundamentals of Accountable Care Organizations 2019). ACO participants agree to take on the responsibility for the total costs of care for their patients. As a result, ACOs that reduce the total cost of care for their patient population can share the savings with the pay. However, in some models, they can also be held accountable for paying back losses if their cost exceeds their spending basis. In efforts to try to fix the inefficient fee-for-service system, healthcare policymakers and leaders believe that tying financial motives to quality of care, patient outcomes, and care coordination is a fundamental solution. However, insurance
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Cope 3 Current Healthcare Policy companies and pharmaceutical firms argue that accountable care organizations and other value- based care programs are reducing competition in the healthcare industry, resulting in high prices for consumers. From an employee perspective, a value-based care program can teach young
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