Accountable care has become a new buzzword in the health care industry. The Patient Protection and Affordable Care Act, or PPACA, among many other things, discussed “accountable care organizations,” or ACOs, and new opportunities available to them. Under Section 3022 of PPACA, a shared savings program is to be established by Jan. 1, 2012. Under the shared savings program, qualifying ACOs are eligible for incentive revenues.
It is therefore important to understand what “accountable care” is and what benefits there may be to forming an ACO. This article seeks to explore what is meant by an ACO under PPACA and discuss the shared savings program created by the legislation.
Brief History of ACOs
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