Guest: Frank Byrne, M.D., president of St. Mary's Hospital, Madison, Wisconsin
What is an Accountable Care Organization, and why are Dean Clinic and St. Mary's Hospital joining together to become one?
Dean and St. Mary's are among 89 new ACOs named by the federal government that are, in essence, partnering with Medicare and have agreed to gain or lose money through Medicare payments based on their quality scores, efficiency and cost. "We've made a commitment to move from volume to value," said Dr. Frank Byrne, St. Mary's president. This program is part of the 2010 Affordable Care Act and rewards keeping patients healthy while lowering costs. Joining Dr. Byrne in leading this initiative is Dr. Craig Samitt, Dean Health Systems CEO.
Based on the principles of Prevention, Care Team Coordination, Electronic Records, Evidence-based Treatment and Day or Night Access, Dr. Byrne shares details of this new approach to receiving Medicare payments.
Based on the principles of Prevention, Care Team Coordination, Electronic Records, Evidence-based Treatment and Day or Night Access, Dr. Byrne shares details of this new approach to receiving Medicare payments.
