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Business Finance Healthcare Finance: An Introduction to Accounting and Financial Management

Theaccountable care organization is all about and its purpose. Introduction: Accountable Care organization involves health care providers and people from different health care setting that works in a collective manner to ascertain goal of providing quality health care. The main characteristics of ACO are assuming responsibility for the care of a population of people and accountability for health care spending and quality of care. It can be concluded that the accountable care organization is designed to reduce cost and increase quality of service provided to the patient. Accountable care organization is all about a network of clinics, hospitals, clinicians and physician that strive towards providing uncompensated care to the patient by sharing their responsibilities. They receive financial incentives for their cooperation and reduction in cost of care. The main purpose of an accountable care organization is to have physical integration amongst the community members and providing rewards for improving quality of care and controlling cost. It also includes imposing penalties when targets are not met and providing bonus when they are met. The benefits that are attached to accountable care organization are improve health, increase satisfaction of the patient and access to better healthcare services.

Theaccountable care organization is all about and its purpose. Introduction: Accountable Care organization involves health care providers and people from different health care setting that works in a collective manner to ascertain goal of providing quality health care. The main characteristics of ACO are assuming responsibility for the care of a population of people and accountability for health care spending and quality of care. It can be concluded that the accountable care organization is designed to reduce cost and increase quality of service provided to the patient. Accountable care organization is all about a network of clinics, hospitals, clinicians and physician that strive towards providing uncompensated care to the patient by sharing their responsibilities. They receive financial incentives for their cooperation and reduction in cost of care. The main purpose of an accountable care organization is to have physical integration amongst the community members and providing rewards for improving quality of care and controlling cost. It also includes imposing penalties when targets are not met and providing bonus when they are met. The benefits that are attached to accountable care organization are improve health, increase satisfaction of the patient and access to better healthcare services.

Solution Summary: The author explains that an accountable care organization is a network of clinics, hospitals, clinicians and physicians that strive towards providing uncompensated care to the patient by sharing their responsibilities.

Healthcare Finance: An Introduction to Accounting and Financial Management

Healthcare Finance: An Introduction to Accounting and Financial Management

6th Edition

ISBN: 9781567937411

Author: Louis C. Gapenski, Kristin L. Reiter

Publisher: Health Administration Press

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Chapter 1, Problem 11.2STQ

Chapter 1, Problem 11.4STQ

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Chapter 1 Solutions

Healthcare Finance: An Introduction to Accounting and Financial Management

Ch. 1.1 - Prob. 1.1STQ Ch. 1.1 - Prob. 1.2STQ Ch. 1.1 - Prob. 1.3STQ Ch. 1.1 - Prob. 1.4STQ Ch. 1 - Prob. 1.1STQ Ch. 1 - Prob. 1.2STQ Ch. 1 - Prob. 1.3STQ Ch. 1 - Prob. 1.4STQ Ch. 1 - Prob. 2.1STQ Ch. 1 - Prob. 2.2STQ

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