Hackensack (N.J.) University Medical Center said its employees would pilot the organization's attempt at accountable care, a payment model that has gained proponents since the passage of the 2010 health reform law. The 703-bed hospital said in a news release that its self-insured employee health plan would provide the patients needed for Hackensack's new accountable care organization, a limited liability company called the Hackensack Physician Alliance.
N.J.'s Hackensack University Medical Center announces ACO
Hackensack joins a growing number of hospitals launching private-market accountable care efforts. A recent Modern Healthcare survey of accountable care organizations found roughly one dozen such initiatives in various stages of development across the U.S. The Patient Protection and Affordable Care Act included a provision for Medicare to offer accountable care contracts—which offer financial incentive to providers that meet quality and cost-control targets—as early as 2012. Recently proposed Medicare ACO rules drew criticism from providers, who argued that the financial risks of forming an ACO according to the proposed regulations outweighed possible incentives.
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