The Accountable Care Act of 2010 will allow providers that are part of ACOs and have agreed to manage care for at least 5,000 Medicare beneficiaries the opportunity to share any cost savings created by the program. ACOs will also be able to contract with commercial providers for similar programs, according to the report.
A pilot program for Medicare ACOs is scheduled to start in Jan. 2012 in eight states, which will be selected in 2011, according to the report.
Oakwood, however, isn’t the only Detroit-area health system to begin developing an ACO. Henry Ford Health System has launched the Henry Ford Physician Network, and St. John Providence Health System in Warren, Mich., is developing an ACO for its 7 hospitals and 2,000 physicians, according to the report.
Read the Crain’s Detroit Business report on Detroit-area ACOs.
Read other Becker’s coverage on ACOs.
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