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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
