The Patient Protection and Affordable Care Act led to the development of the Medicare and Medicaid Innovation Center, which suddenly brought the creation of accountable care agencies and the Medicare Shared Savings Program. Over the last various years, the number of accountable care organizations has grown tremendously around the country.
Leavitt Partners along with the Accountable Care Learning Collaborative made a study in the month of January 2016, as reported by the Health Affairs Blog that found a total of 838 accountable care organizations across all fifty states in the nation. In fact, the number of accountable care organizations has grown by 12.6% in just the last year.
In addition to these findings, there is currently more than 1,200 accountable care contracts being executed across hospitals throughout the US. The study discovered that 28.3 million sufferers are now getting medical services through an accountable care organization or ACO.
The Medicare Shared Savings Program is now on its 3rd year and many ACOs have renewed their contracts while various have decided to forego another year performing under the accountable care contract.
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