55% of Hospital Execs Say Their Organizations Plan to Participate in an ACO by Year's End

Almost 22 percent of hospital executives say their organizations participate in an accountable care organization, with 55 percent planning to be in one by the end of 2013, according to the spring 2013 edition of the "Economic Outlook" survey, by Premier healthcare alliance, a performance improvement alliance for healthcare providers.

For the survey, researchers polled 530 hospital C-suite executives and materials and practice area managers.

Other significant findings of the survey are:

•    Forty percent of respondents are projecting their capital spending to increase over the next year.
•    Almost 37 percent of survey respondents are projecting a capital spending decrease.
•    Twenty-nine percent of survey respondents report that the overutilization of products and services is one of the biggest drivers of healthcare costs.
•    Forty-eight percent of survey respondents say that reimbursement cuts have greatest impact on their health system.

More Articles on ACOs:

Survey: Rate of Physician Participation in ACOs Triples
CMS Rejects Pioneer ACOs' Plea for Pay-for-Performance Delay
An Inside Look at the Florida Association of ACOs

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