"The accountable care organization is like a unicorn, a fantastic creature that is vested with mythical powers. But no one has actually seen one."
A mere six pages of Obamacare legislation delegated broad jurisdiction to the Secretary of Health and Human Services (HHS) to establish an Accountable Care Organization (ACO) program. The term “Accountable Care Organization” was coined in 2006. And there has been a couple of federal pilot program testing the idea. Yet without a regulation defining and establishing ACOs, most could only speculate on what one is.
But, on April 7, 2011, HHS took their six-page directive from Congress and turned it into a 127-page proposed regulation. We now have a better idea of what an ACO is and is not.
Here is our brief summary. Read more »