Accountable Care Organizations: Understanding the New Frontier of Physician Payment-ACOs and the Private Sector

Video Transcription

Video Summary

The video features Patrick Bridges, the Cardiac Service Line Director for Advent Health in Florida, discussing accountable care organizations (ACOs) and the role of interventional cardiologists within them. Private healthcare organizations, including hospitals and physician groups, participate in ACOs alongside payers, employers, and existing ACOs. Private equity companies are increasingly interested in ACOs for driving value and covering more lives. ACOs aim to transition to value-based care by 2030, and interventional cardiologists play a crucial role in achieving success. They add value to ACOs through providing expertise, support, coordination, data analysis, patient engagement, disease population management, and aligning payment models. Challenges include creating a culture of accountability and transparency, addressing limited resources, staff shortages, and access constraints, and eliminating low-value testing. Interventional cardiologists need to actively engage in the process to secure long-term success in value-based care.

Asset Subtitle

Patrick Bridges, MBA, RCIS

Keywords

interventional cardiologists

ACOs

value-based care

patient engagement

private healthcare organizations