What recent evidence about the performance of ACOs can you find?
Fiirst of let us Understand the meaning of (ACOs) . It stands for accountable care organizations (ACOs)
Organization of health care providers that agrees to meet the specified Quality performance standered and they are eligible to receive share of savings if actual per capita expenditure is low as per specified banchmark
Following is recent evidence about the performance of ACOs
As we know that there is statistically significant correlation between ACOs with higher financial benchmarks and their total savings. However, there is we notice that there are many successful ACOs in lower-cost areas .Because ACO face issues like ; uncertainty and inexperience at transitioning to increasing levels of risk, lack of timely and accurate data, changes in attributed patient populations from year-to-year, and financial benchmarks that fail to account for regional variations and continue to reward high ACO performance over time.
Now there is big program like MSSP would affect the performance of ACO .Previous study shown that MSSP has made saving if $ 700 million and this is around 1 percent of the costs of care for beneficiaries affected by Medicare ACO initiatives.Now -a-days ACO in many states do well also. In some states like Michigan, Kentucky, Tennessee, Virginia, and Massachusetts the performance of ACO is very good
In last I would like to share that succeeding in accountable care—achieving better care at a lower cost—is not easy, including for organizations that took the steps to become early MSSP participants.
Are they growing? Are they saving money? Do enrollees seem to like the care they get? Is the quality of care good?
According to the database available to publicity Over the past year, approximately 120 organizations have become ACOs in public and private programs, bringing the total to 744 since 2011.For the period from 2012 to 2015 there is increase in the ACO covering the success of MSSP participants. January 2015, 26 percent of ACOs had more than one accountable care contract,. and the prediction of the future of ACO growth is an inexact science that depends on countless factors
According to the 2014 quality and financial performance results of Medicare ACOs. we could analyse the following result
97 ACOs qualified to share in savings by meeting quality standard and together thay have earned share saving more then $ 442 million and 15 to 20 participating Pioneer ACOs generated a total of $120 million in savings
The result of the study indicate that ACOs improve over time:
