The Children's Hospital of Philadelphia is the first children's hospital to earn the National Committee for Quality Assurance's accreditation as an accountable care organization.
The 469-bed hospital is the sixth healthcare organization to achieve the designation since the NCQA named the first one in December.
ACOs, which aim to meet quality benchmarks for care while reducing costs, must serve at least 5,000 patients annually to be considered for NCQA accreditation. They can include group practices, networks of individual practices, hospitals, provider-health plan partnerships and publicly governed entities that arrange care.
“Years of hard work across the organization has built an infrastructure that supports quality improvements, patient-centered care and care coordination,” Madeline Bell, Children's Hospital of Philadelphia's president and chief operating officer, said in a news release.