Accountable Care Organizations
Not later than January 1, 2012, requires the Secretary to establish a shared savings program that would reward Accountable Care Organizations (“ACOs”) that take responsibility for the costs and quality of care received by their patient panel over time. ACOs can include groups of health care providers (including physician groups, hospitals, nurse practitioners and physician assistants, and others). ACOs that meet quality-of-care targets and reduce the costs of their patients relative to a spending benchmark are rewarded with a share of the savings they achieve for the Medicare program (as determined by the Secretary). Requires ACOs to “define processes to promote evidence-based medicine and patient engagement, report on quality and cost measures, and coordinate care, such as through the use of telehealth, remote patient monitoring, and other such enabling technologies.” (Sec. 3022)
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