ACO Lessons from Early Adopters Are Invaluable
We've said it before, but the key is aligning all of those incentives in such a way that patients' health improves, and that fewer medical mistakes and unnecessary treatments or procedures occur.
Hospitals are also exploring partnerships with local and national employers who are interested in limiting—or cutting out entirely—the payer middleman role. Finally, the bigger systems are forming alliances and acquiring physician practices, home health facilities, labs, and even other hospitals in an attempt not only to standardize, but also to increase scale and decrease healthcare's high rates of waste and inefficiency.
But these are the innovators, the first movers. Not all can afford to take on that kind of risk. That's why it's important to learn from these early adopters—what's worked and what hasn't worked—because if you haven't already, you're going to have to taste commercial ACOs.
My colleagues are presenting a pretty interesting 90-minute webcast soon that deals with these very topics in minute detail. The speakers have already taken the dive into commercial ACOs from both the payer and the provider side, and you'll find that their insights are instructive and valuable.
I know there's still a lot to learn, but it's an exciting time to be in healthcare if you aren't happy with the status quo. Let's see what the innovators can—and have—achieved.
Philip Betbeze is senior leadership editor with HealthLeaders Media.
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- WellPoint Dominates Nearly Half of Markets, AMA Says
- CMS Offers Some ACOs $114M for 'Upfront' Costs
- 4 Tips for Managing Employed Physicians
- House Calls Key to Pioneer ACO Success
- Ebola: Second TX Nurse Diagnosed After Improper Protective Gear Application
- Providers Ask HHS to Address EHR Interoperability Barriers