Explain the basic concepts of an ...

[danielfitts88]

Explain the basic concepts of an ACO.

Question 2

What is risk management, and how does it impact an MCO?

[abro1885]

Answer to Question 1

An ACO provides financial rewards for good performance based on comprehensive quality and spending measurement and monitoring. In doing so, the ACO holds the care providers accountable for the cost and quality of care delivered to Medicare patients or other defined populations.

Answer to Question 2

Risk management involves looking for ways to minimize potential injuries in the facility, as well as responding promptly and appropriately when injuries occur, and planning for potential liability resulting from the injuries. A good risk management program not only addresses injuries and accidents that have happened, but also proactively identifies areas that could result in an injury and provides the education and training to employees to circumvent possible injuries or accidents.

[danielfitts88]

TYSM

[peter]

Thanks for the timely response, appreciate it