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  Health Care Institute News and Insights
   
  ACO Participation Expected to Double
  by Site Administrator | Jan 22, 2014
   
 

Hospital participation in accountable care organizations (ACOs) is projected to double in 2014, according to Premier, Inc.s Economic Outlook C-Suite survey.

Facilities manager who want to learn more about ACOs can attend the half-day seminar co-hosted by Health Care Institute of IFMA and Corporate Realty, Design & Management Institute. At the seminar, Walter Armstrong, Senior VP/Capital Facilities and Engineering at Beth Israel Deaconess Medical Center, will speak about best practices for consolidated management of multiple facilities for ACOs. The half-day seminar will take place in Boston on January 30.

According to Premier, Inc., more than 18% of 115 senior executive respondents primarily CEOs (43.5%), chief financial officers and chief operating officers across 35 states say their hospitals currently participate in an ACO, up from 4.8% in spring 2012. This growth is projected to accelerate, with about 50% of respondents suggesting their hospitals will participate in an ACO by the end of 2014. Overall, 76.5%of respondents say their hospital does or will participate in an ACO.

The pace of ACO adoption has been slower than originally anticipated by senior executives surveyed 18 months ago. Though 51.8%of executives predicted in the spring of 2012 that their systems would create or join an ACO by the end of 2013, results show that only 23.5% will likely meet that projection.

The ACO transition is challenging for all providers, and it involves taking significant risks, said Wes Champion, senior vice president, Premier Performance Partners. Its understandable and appropriate that some providers have been more deliberate and cautious about when they participate in an ACO. And its clear that many are now prepared to proceed.

For details on Boston seminar, see http://www.squarefootage.net/RHCDM_BOS14.html