What defines an accountable care organization (ACO)?

An accountable care organization (ACO) is defined as a network of healthcare providers that work together to coordinate high-quality patient care. The primary goal of an ACO is to improve the patient experience, enhance health outcomes, and achieve cost savings through better coordination of care among various providers. This collaborative approach allows providers to share information and develop care plans that aim to meet the needs of the patient more effectively, rather than functioning in silos.

In ACOs, the emphasis is on prevention, management of chronic diseases, and ensuring that patients receive the right care at the right time. By focusing on quality and efficiency, ACOs can reduce unnecessary hospitalizations and procedures, ultimately leading to better health outcomes and lower overall costs for the healthcare system. This comprehensive model stands in contrast to efforts that prioritize financial benefits without regard for patient care quality or standardized individual services without a coordinated approach.