New ACO Rules Outline Gains And Risks For Doctors, Hospitals
By Jordan Rau, Phil Galewitz and Bara Vaida , Kaiser Health News
March 31, 2011
Doctors and hospitals that join together under a new model of care could pocket as much as 60 percent of the money they save Medicare but could also face hefty penalties if they fall short under rules proposed by the Obama administration.
The Medicare Shared Savings Program, which would allow providers to band together as “accountable care organizations,” has been one of the most eagerly awaited creations of last year’s health care law. Its architects said they hope these closely coordinating organizations would help reduce the often disjointed and duplicative methods through which much medical care is delivered today. Read full article here.