The bill would allow five groups of healthcare providers and managed care companies that treat at least 5,000 Medicaid patients to form ACOs and would pay financial incentives to the groups that produce cost savings to the Medicaid program by better coordinating medical care.
The legislation will now move to the full Senate for a vote.
Read the Star-Ledger report on Medicaid ACOs.
Read more coverage on ACOs:
– Almost Half of Physicians Don’t Know What an ACO Is
– 4 Points on Exclusivity, Market Power and Transparency in ACOs
– Survey: 45% of Employers Want ACOs
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