Beth Israel Deaconess Forms ACO
formed an accountable care organization, effective Jan. 1.
In the ACO, the hospitals and independent physician groups will contract and share risk together to improve quality and efficiency. Hospitals and physicians are in a 50-50 partnership and share governance of the ACO, which is called Beth Israel Deaconess Care Organization.
As part of the agreement, BIDMC and BIDPO will jointly invest $12 million over five years in order to improve care coordination infrastructure.
No payor was named in the release.
More Articles on Accountable Care Organizations:Humana, Banner Sign Accountable Care Agreement
Population Health Management is a Two-Way Street: Encouraging Patient Engagement
5 Payment Models for ACO Providers
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review