An Accountable Care Organization (ACO) is a group of healthcare providers, such as doctors and hospitals, that come together to deliver coordinated care to patients. The goal of an ACO is to improve patient outcomes while reducing healthcare costs. By working collaboratively, these providers can share information and resources, ensuring that patients receive the right care at the right time.
ACOs are designed to promote accountability among healthcare providers. They are often rewarded financially for meeting specific quality and cost benchmarks, which encourages them to focus on preventive care and effective management of chronic conditions. This model aims to enhance the overall health of the population served while minimizing unnecessary services.