December 21, 2011
On December 19, 2011, the Department of Health and Human Services announces that thirty-two leading health organizations from all over the U.S. will be participating in the Pioneer Accountable Care Organization (ACOs) Model.
The Pioneer ACO Model will save up to $1.1 billion over five years and will test the effectiveness of several innovative payment models. As well as help experienced organizations provide better care for beneficiaries, work in coordination with private payers, and reduce Medicare cost growth.
The 32 Pioneer ACOs underwent a rigorous competitive selection process by the Innovation Center, including extensive review of applications and in-person interviews.
The first performance period of the Pioneer ACO Model will begin January, 1st 2012.
For the complete press release, please click here.
For more information on the list of participating Pioneer ACOs, please click here.