The optimal mode of healthcare delivery evolves daily. Many institutions have set their objectives by considering what is best for both providers and patients. Particularly, Accountable Care Organizations (ACOs) aim to enhance the standard of care that patients receive through better service coordination. Provider reimbursements in ACOs are based on the quality and value of care rather than the quantity of services rendered. This development of value-based reward integration in health care has led to a significant rise in positive outcomes.
ACOs make use of health information technology (HIT) and directly involve patients as decision-making partners. Through the use of HIT, ACOs have the opportunity to cut back on resources for checking and verifying administrative tasks. It’s important that institutions recognize areas in their workflows that can be streamlined. This enables them to reallocate their assets and focus on components that require more scrutiny. When an organization simplifies its processes, there is less room for oversight and an increase in productivity.
The patient-centered approach that ACOs adopt grants patients a voice in decisions affecting their medical treatment. It involves beneficiaries and their families in their own healthcare to help improve the quality and practice of the ACO. The patient input integration in health care is a core component in how organizations shape their policies and processes. Through feedback analysis and utilizing technological advancements, ACOs have transformed the care journeys of many different health populations.
The network of providers in an ACO has all the necessary tools to handle the varying concerns of every beneficiary. The comprehensive, coordinated care that ACOs present improves the healthcare experience of many patients. They do this while aiming to decrease costs and increase the quality of care. Each organization cares for a defined population and strives to deliver only the best services.
Although many ACOs are currently providing services to beneficiaries, not all existing ACOs are ready because they lack crucial infrastructure. Several aspects of operational readiness involving data administration, coordination, and quality assurance need to be thought through, including:
ACO integration in health care is extremely important since the health of populations depends on coordinated care. As the number of ACOs increases, so does the number of patients who receive collective, value-based care. Forming an ACO with all the necessary resources to effectively manage a large demographic is no easy task. In order to establish that they are fully operational, ACOs must check off a number of boxes on their list.
To address the executive demands of organizations, MedVision developed QuickCap 7 (QC7), its most extensive administrative platform for healthcare professionals. QC7 provides powerful features that encompass ACO operations and enable you to:
Compete in Today’s Evolving Healthcare Market with a Fortified Operational Administrative System
Reference:
American Medical Association. “Key Issues to Consider When Forming an ACO with Hospitals.” Accessed January 10, 2023. https://www.ama-assn.org/practice-management/payment-delivery-models/key-issues-consider-when-forming-aco-hospitals.
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