Accountable Care Organizations: Understanding the New Frontier of Physician Payment-Introduction to ACOs

Video Transcription

Hello, welcome and thanks for joining us for a Sky webinar on Accountable Care Organizations Understanding the New Frontier of Physician Payment. This is a CME activity.  I'm doing the introduction. We have Afnan Tariq doing the overview of payment landscape, Accountable Care Organizations  and Medicares, Colin Barker, ACOs in the private sector, we have Patrick Bridges, and I'm going to introduce each person a little bit more as we get to their segment.  And the BPCI Advanced Model, Jim Blankenship, as well as case studies looking at ACOs by Dipali Tukai.  So a little bit about why we're doing this, as I said, my name's Lyndon Box, I'm the former  chair of the Government Relations Committee, and this project really began out of the work of the Government Relations Committee and all of our panelists are members or former  members of that committee. And it became very apparent through our discussions that there was going to be a wave of Accountable  Care Organizations being formed across the country, and there already is, and that this trend was going to continue.  And through our discussions realized that many of our members really were not aware of Accountable Care Organizations, why they exist, how they're structured, and how they're  going to affect their practice. So as a result, we felt like this was something that we wanted to provide for our SCOG membership.  And just a few slides about what is driving this, and most of you have probably seen these types of slides, that the healthcare cost in the United States has continued to go up  very dramatically, and it's accelerating in cost growth. While at the same time, physicians, you know, if you're familiar with the conversion factor,  which is how much you get paid for each amount of RBU you generate with work that you do, that has stayed relatively flat despite inflation going upwards.  And more recently, if you blow up the line for the last six years, we've really seen that conversion factor make a dramatic trend downward.  So I'm not going to get too much into the detail of what's happening with the conversion factor, but I think those are issues at a big picture level, you should probably keep  in mind as you're listening to these presentations, is the rising healthcare costs and the continued  cuts on the fee-for-service side of Medicare payments are really the backdrop in which a lot of the relevance of accountable care organizations is realized.

Video Summary

The video is a webinar on Accountable Care Organizations (ACOs) titled "Understanding the New Frontier of Physician Payment." The webinar is a CME activity and is hosted by Lyndon Box, the former chair of the Government Relations Committee. The panelists include Afnan Tariq, who discusses the payment landscape and Medicare, Colin Barker, who covers ACOs in the private sector, Patrick Bridges, who presents on the BPCI Advanced Model, Jim Blankenship, who discusses case studies on ACOs, and Dipali Tukai, who also presents case studies. The purpose of the webinar is to educate members of SCOG (unspecified organization) about ACOs and how they will impact medical practices. The rising healthcare costs and cuts on fee-for-service Medicare payments are highlighted as factors driving the relevance and importance of ACOs.

Asset Subtitle

Lyndon C. Box, MD, FSCAI

Keywords

Accountable Care Organizations

Physician Payment

CME activity

Medicare

Case studies