What Are ACOs and Why They Are Emerging

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ACOs, or Accountable Care Organizations, are healthcare networks that seek to reduce costs by increasing the efficiency and efficacy of care and streamlining the healthcare process. Beginning in 2012, Medicare service providers that agree to take accountability for over 5,000 Medicare beneficiaries over a 3-year period and allow beneficiaries to participate on the governing board will be able to apply for the ACO designation.