Healthcare Partner Elias Matsakis examines the state of Accountable Care Organizations (ACOs) in the U.S. and the opportunities for independent physicians to consider a leadership role in the evolution of the healthcare system. An ACO is a federally regulated, fee-for-service Medicare program that sets standards for value-based payment structures nationwide. Mr. Matsakis discusses the pros and cons for entering into a ACO participation and how the biggest differentiator for ACO success comes down to experience.
"The challenge is to identify and engage the patients to comply with their health directives and ultimately to steer them to lower cost interventions or to quicker access to medical care before a condition becomes too acute," Mr. Matsakis says.
READ: The State of ACOs