Accountable Care Organizations (ACOs) are groups of physicians, hospitals, and other health care providers who come together voluntarily to give coordinated high quality care to the patients they serve. Coordinated care helps ensure that patients, especially the chronically ill, get the right care at the right time, with the goal of avoiding unnecessary duplication of services and preventing medical errors.
ACOs seek to achieve the Triple Aim; to improve patient experience, improve population health, and reduce the per capita cost of health care. Accountable for both quality and cost of care, ACOs reward providers based on related performance measures through innovative payment mechanisms. At the center of an ACO is the patient, surrounded by a continuum of care that seeks to improve patient experience and engagement, while providing the highest level of appropriate and individual care.