The Centers for Medicare and Medicaid Services (CMS) recently announced the forming of 106 new Accountable Care Organizations (ACOs). Since the Affordable Care Act has been passed, more than 250 ACOs have been formed.Among the list of recently approved ACOs are 15 Advance Payment Model ACOs. In this model, participants will receive upfront and monthly payments, which they can then use to make important investments in their staff or care coordination infrastructure. According to the CMS, Medicare’s ACO partners will now serve more than 4 million beneficiaries across the country.
“Accountable Care Organizations save money for Medicare and deliver higher-quality care to people with Medicare,” Health and Human Services Secretary Kathleen Sebelius said. “Thanks to the Affordable Care Act, more doctors and hospitals are working together to give people with Medicare the high-quality care they expect and deserve.”
Although senior living providers cannot officially join Accountable Care Organizations, the incentives for hospitals and other healthcare providers may allow for senior living communities to engage in meaningful partnerships. Health care providers in ACOs have a greater stake in cost savings and long term outcomes of their patients, which offers an opportunity for senior living providers to educate hospitals about their affordability and ability to reduce readmissions.
Accountable Care Organizations (ACO), Medicare, Partnerships, Strategy
Senior living firms are poised for progress with accountable care organizations, ready to engage with these groups of doctors, hospitals and other hea...
Accountable Care Organizations (ACO), cheatsheet, Human Resources, Partnerships, Staffing & Performance
While accountable care organizations (ACO) are still evolving, some have already defined quality measures for skilled nursing communities, and quality...
Accountable Care Organizations (ACO), Medicaid, Medicare
The Centers for Medicare & Medicaid Services released 2014 quality and financial performance results for Medicare Accountable Care Organizations, sayi...
Accountable Care Organizations (ACO), ALFA Events, Business Planning, CEO, cheatsheet, Clinical Quality and Quality Care Delivery, Consumer Intelligence, Dining, Finance, Human Resources, Marketing Strategy, Organization Development, Partnerships, Property Management, Real Estate Investment Trust (REIT), Risk Management, Security, Senior Living Industry Events, Senior Living Leadership Forum, Staffing & Performance, Value-Added Amenities and Services
On October 16-17, ALFA hosted 150 executives who work to advance excellence in senior living at the ALFA 2013 Senior Living Executive Forum. The two-d...
Accountable Care Organizations (ACO), Partnerships, PowerPoint Presentations, Third Party Care Providers
As CMS imposes outcomes-based quality mandates, hospitals are scrutinizing their relationships with post-acute providers more than ever before. Get th...