What annual process must ACOs complete to maintain their status?

The correct answer is the certification process. Accountable Care Organizations (ACOs) must complete an annual certification process to maintain their status. This certification ensures that the ACO is adhering to established standards and guidelines set forth by the Centers for Medicare & Medicaid Services (CMS).

The certification process typically involves reviewing the ACO’s structure, governance, and operational strategies, as well as ensuring that they are meeting quality performance standards and care coordination requirements that are essential for the effective delivery of healthcare. By successfully completing this process, ACOs demonstrate their commitment to providing high-quality, cost-effective care, which is crucial for participating in value-based care models.

This certification is vital for ACOs to participate in federal programs and receive appropriate reimbursements while ensuring compliance with regulations. It underlines the importance of accountability in healthcare delivery, emphasizing that ACOs must consistently meet quality benchmarks to foster trust with patients and stakeholders.