The Accountable Care Organization (ACO) objective is to improve quality, reduce costs and increase efficiency by proactively coordinating their patients' total healthcare needs.
ACOs were included in healthcare reform, which requires healthcare providers (doctors, hospitals and others) to be more accountable for costs and quality. ACOs are expected to drive payment reform and changes in the way healthcare is delivered, such as:
- Creation of a patient-centered health experience
- Financial support of the Patient Centered Medical Home care model
- Digital medical record-keeping and sharing between providers
- Collaboration between care providers
- Tracking and measurement of patient outcomes, quality, and financial performance
- Promotion of health and disease prevention