This program, due to start in 2012, awards provider networks called Accountable Care Organizations (ACOs) a portion of savings generated from more efficient care of assigned fee for service Medicare patients.
The highly anticipated rules are set out in more than 400 pages, and outline the requirements to qualify and obtain approval as an ACO, ongoing standards that these organizations will need to meet and the manner in which savings will be calculated and paid.
Medicare intends that both small and regional entities will qualify.
However, the number of required attributes and functions of ACOs may dissuade smaller groups to participate, and they may not have the economies of scale necessary to achieve significant dollar savings.
On the other hand, ACO participation may become critical for providers to reverse decreasing Medicare fee for service revenue. Join healthcare attorney, Wayne J. Miller Esq., for this 60-minute look at ACOs and what they mean to you.
Take a look at what’s covered:
Who should attend? Hospital, clinics, practice managers, physicians, medical groups, and health care consultants.
Wayne J. Miller, Esq., is a founding partner of the Compliance Law Group, Los Angeles, a law firm focused on health care industry legal compliance for clients nationwide. Wayne has practiced healthcare business and regulatory law throughout his 30-year career. His firm represents a wide range of healthcare industry clients throughout the nation. He is a frequent speaker for The Coding Institute national teleconferences on healthcare reimbursement, transactional and regulatory...
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