“Better coordinated care is good for patients and it saves money,” HHS Secretary Kathleen Sebelius said in a statement.
“We applaud every one of these doctors, hospitals, health centers and others for working together to ensure millions of people with Medicare get better, more patient-centered, coordinated care.”
A total of 154 organizations participate in shared savings initiatives under Medicare, according to materials from HHS.
These groups serve 2.4 million of the program’s beneficiaries, HHS stated.
{mosads}The rise in ACOs represents a shift in the way medical providers are paid under Medicare. Rather than receiving reimbursements per procedure, providers in an ACO team receive a lump sum to deliver care for a group of patients.
The model is seen as a way to encourage more patient-centered care at lower costs.