Accountable Care Organizations (ACOs) may consist of a group practice, or a network of doctors and practices, or a venture that includes doctors and hospitals, in each case united to provide coordinated high quality care to their Medicare Fee-for-Service beneficiaries. The goal of coordinated care is to ensure that patients, especially the chronically ill, get the right care at the right time, while avoiding unnecessary duplication of services and preventing medical errors.
When an ACO succeeds both in delivering high-quality care and spending health care dollars more wisely, the ACO will share in the savings it achieves for the Medicare program.