Friday, July 25, 2014

130 million patients will receive accountable care by 2017

Accountable care organizations (ACOs) and value-based purchasing arrangements will be responsible for the care of 130 million patients by 2017, predicts a report by Parks Associates. Accountable care will generate nearly $1 billion in revenue for healthcare providers in 2014 as they transform into ACOs and patient-centered medical homes (PCMH).

“Reforms to the healthcare financial model tie compensation to care outcomes, and ACOs, built on the coordinated care model, align well with this new emphasis,” said Harry Wang, Director, Health & Mobile Product Research, Parks Associates. “Parks Associates defines ACOs in the broadest sense to include Medicare ACOs, private-sector Patient-Centered Medical Home practices, and healthcare providers that accept a pay-for-performance arrangement with private and public payers.”

From the article "130 million patients will receive accountable care by 2017" by Jennifer Bresnick.

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