An Accountable Care Organization (ACO) is a healthcare delivery model that aims to improve the quality of care and reduce costs by coordinating care across different providers and settings. ACOs bring together a group of healthcare providers, such as doctors, hospitals, and other healthcare professionals, who work together to manage the care of a specific patient population.
The goal of ACOs is to promote patient-centered, coordinated, and cost-effective care. This is achieved by encouraging providers to collaborate and share information, aligning financial incentives to reward high-quality care, and implementing evidence-based practices and protocols.
ACOs typically operate under a payment model that incentivizes providers to manage the overall cost of care for their patient population, rather than being reimbursed for each individual service or procedure performed. This approach helps to reduce the fragmentation of care and ensures that patients receive the right care at the right time.
Examples of ACOs include Medicare Shared Savings Program (MSSP) ACOs, Pioneer ACOs, and Next Generation ACOs. The success of ACOs in improving care quality and reducing costs while increasing patient satisfaction is still being evaluated, but they are seen as a promising approach to healthcare delivery reform.
ACOs that take on risk, use Vim to connect directly to provider workflows to drive engagement on key actions such as referral order creation, risk adjustment, and other care guidance or recommendation opportunities.
Some of Vim’s key customers are participants in ACO REACH and leverage Vim’s solutions to achieve results including Vim Diagnosis Gaps, Vim Quality Gaps and Vim Order Assist.
