Mr. Vigen said ACOs should do the following to become high-performing organizations.
1. Use analytic tools and processes to understand performance over time.
2. Put a financial committee together that will be clear about the organization’s financial state.
3. Have initiatives in place aimed specifically financial results.
4. Use payment reform to show how expenses could reduce revenue across multiple specific cases.
5. Use advanced clinical reporting systems.
6. Develop strong partnerships within and outside the organization to transform care.
More Articles on ACOs:
ACO directory: 272 ACOs in America
Presence Health Partners, Cigna Ink ACO Deal
BCBS of North Carolina, WakeMed Key Community Care collaborate for accountable care
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
