Video #3 in the Healthcare Payments Educational Video Series
Former Health and Human Services Secretary and Governor of Wisconsin, Tommy Thompson is interviewed by healthcare payments expert, Mark Brousseau, President of Brousseau & Associates in Q&A Session #3.
In this interview, Gov. Thompson talks about the impact of Accountable Care Organization (ACOs). ACOs are groups of doctors, hospitals, and other health care providers, who come together voluntarily to give coordinated high quality care to their Medicare patients.
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.
Gov. Thompson highlights the role of ACOs as a means of delivering a holistic patient management approach via a general practitioner. This will drive efficiency via economies of scale by additional controls via larger hospitals. One result will also be that individual doctor practices will be less common, as they become employees of the hospital networks.
For more information re: ACOs, visit the CMS.gov website at: http://www.cms.gov/. To view this video or others in this series, visit our website at http://www.orbograph.com/healthcare-payments-educational-video-series.htm.