Last week, the Centers for Medicare and Medicaid Services (CMS) released the names of the first 27 accountable care organizations participating in the agency's shared savings program.
An accountable care organization (ACO) is a new type of a health care delivery system composed of a network of providers that assume accountability for the cost and quality of care for a defined population of patients.
CMS currently has two demonstration projects to test the ACO model: the Medicare Shared Savings Program (MSSP) and the Pioneered ACO initiative. Beyond ACO demonstrations, CMS has been testing an array of alternative payment models to improve the quality and lower the costs of healthcare.
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