Senior living firms are poised for progress with accountable care organizations, ready to engage with these groups of doctors, hospitals and other healthcare providers who unite to provide high quality, lower-cost care for Medicare recipients.
ACOs launched in 2012, opening the door to what government officials said would be a new age of improved health outcomes and cost savings. A hallmark of this new intent was to make providers more accountable for patients’ wellbeing, meaning — in many cases — that patients weren’t readmitted to hospitals within 30 days of being discharged. This readmission stipulation created a new interest in post-acute care.
Falls, missed medicine, unhealthy eating and other behaviors can quickly produce return admissions. Return visits ultimately would translate into penalties in the form of reduced payments from Medicare. But if they were able to save money, Medicare would share the savings with the ACO members. Medical providers and the accountable care organizations they form need assurance that their patients will get prescribed services and a safe place to heal. Some in the senior living industry see opportunity to participate as part of an ACO, working with others in the healthcare field to highlight that their communities are a safe place that helps residents remain healthy.
Senior Living Executive magazine spoke to experts both inside and outside the industry to share with readers their outlook on potential partnerships with senior living providers, how providers can leverage their expertise in memory care to forge alliances and the future viability of ACOs, among many other issues. To read the full story, visit the July/August issue of Senior Living Executive online.
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