The industry is increasingly embracing the “accountable care” model of healthcare delivery in its quest to achieve better value at lower cost. The growing shift to accountable care is challenging traditional care delivery models by promoting shared responsibility for patient outcomes and satisfaction among healthcare players that have at times been competitors.
The concept of accountable care is fully realized in the accountable care organization (ACO), a creation of the federal government in which multiple providers join forces to manage the health of specific populations — each agreeing to share in common risks and rewards based on patient outcomes. To achieve positive outcomes, ACOs coordinate patient care with a variety of population health management strategies, including patient-centered medical homes, chronic disease management, and data analytics.
Academic Medical Centers should forge strategic partnerships with community hospitals to provide quality regional coverage.
Healthcare providers are taking on risk and subsequently putting added emphasis on prevention and wellness.