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An Accountable Care Organization (ACO) is a type of managed care organization that is focused on providing high-quality, cost-effective healthcare services. ACOs are typically formed by a group of healthcare providers, such as hospitals, physicians, and other healthcare professionals, who work together to coordinate care for a specific population of patients. The goal of an ACO is to improve the quality of care while reducing costs. ACOs are typically organized around a specific geographic area, such as a city or county, and are responsible for providing care to all patients within that area.
ACOs are typically organized as a network of providers that share responsibility for providing care to a specific population. The ACO is responsible for managing the care of its patients, including coordinating care between providers, ensuring quality of care, and managing costs. ACOs are also responsible for providing preventive care and health education to their patients.
Some of the companies in the ACO market include Humana, UnitedHealth Group, and Cigna. Show Less Read more