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The ABCs of Setting Up an ACO

Monday, May 19th, 2014

In 2012, St. Vincent’s Medical Center in Bridgeport, Conn., launched a physician-hospital organization with regional physicians called St. Vincent’s Health Partners.

The PHO essentially is a group of physicians and the hospital that work together to negotiate value-based contracts with payers and align care across the continuum. At the Becker’s Hospital Review 5th Annual Meeting in Chicago on May 16, Thomas Raskauskas, MD, president and CEO of St. Vincent’s Health Partners, explained how his group — which essentially is an accountable care organization — got to where it is today.

St. Vincent’s includes the medical center, more than 370 physicians and mid-level providers and three skilled nursing facilities. It was the first organization in the nation to achieve URAC full accreditation for clinical integration, which it did this past March. Dr. Raskauskas said leaders created the organization so they could “monitor and control utilization of healthcare services that are designed to control costs and assure quality of care.”

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