On April 10, 2012, the Centers for Medicare & Medicaid Services (CMS) announced its selection of the first Accountable Care Organizations (ACOs). The 27 organizations selected were the first to participate in CMS’ Medicare Shared Savings Program (MSSP), an initiative established by the Affordable Care Act, and were responsible for approximately 375,000 beneficiaries across 18 states. Since then, MSSP has become the largest accountable care initiative, with 456 ACOs and 10.9 million beneficiaries.
The shift to ACOs and value-based care, a healthcare delivery model where providers are paid based on the health of their patients and the quality of care they provide, has been rapid as we approach CMS’ goal of 100% ACO participation by 2030. As an Accountable Care Organization, Vytalize Health recognizes the transition to an ACO may be disconcerting, causing some initial hesitation. However, there are many benefits to joining an ACO and the shift in focus from the volume of services to the value that will be gained from the services provided will only change healthcare for the better.
How does Vytalize make switching to an ACO a seamless process?
- Peer-to-peer support: Vytalize’s value-based care experts provide ongoing support for practices as they navigate the value-based care delivery model.
- Education: Vytalize provides educational resources that lay the foundation before beginning ACO participation.
- Financial incentives: Providers partnering with Vytalize earn monthly shared savings instead of potential shared savings two years after joining, like other ACOs.
Providers, take a look at a recording from our Transitioning to an ACO webinar series if you would like to learn more about how Vytalize can simplify your switch to an ACO.