Bloomberg examines how “hospitals are improving care and saving millions of dollars with one of the least touted but potentially most effective provisions” of President Obama’s health care reform law: Accountable Care Organizations. “Under the program, hospitals and physician practices take responsibility for tracking and maintaining the health of elderly and disabled patients. If costs rise beyond an agreed upon level, hospitals may become responsible for reimbursing the government. If they cut the cost of care while maintaining quality, hospitals share in the savings.” “Medicare’s accountable-care program requires hospitals and doctors to show they are improving or maintaining the quality of their care before they are paid any bonuses… More powerful technology will also help. And unlike in the ’90s, today’s programs are backed by a new law.” bloomberg/news/2013-06-12/obamacare-shows-hospital-savings-as-patients-make-gains.html
Posted on: Fri, 14 Jun 2013 23:38:25 +0000
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