Today, Congressman Mike Michaud announced that three new Maine health care organizations have been chosen as Accountable Care Organizations (ACOs) to participate in the Medicare Shared Savings Program created by the Affordable Care Act.
"Maine has long been a leader in efficiently using taxpayer resources to provide high quality care to Medicare patients, and I am pleased that our health care providers continue to remain on the cutting edge of patient care by participating in this innovative program," said Michaud. "The goal of ACOs are to provide better, more comprehensive care through increased coordination, and this program is an example of how the health care reform bill can help improve care for patients while reducing our nation's overall health care costs."
The three Maine ACOs announced today are:
Central Maine ACO, located in Lewiston, Maine, is comprised of ACO group practices, networks of individual ACO practices and partnerships between hospitals and ACO professionals, including a combination of hospitals employing ACO professionals. It includes 566 physicians.
Maine Community Accountable Care Organization, LLC, located in Augusta, Maine, is a federally qualified health center with 125 physicians.
MaineHealth Accountable Care Organization, located in Portland, Maine, is comprised of networks of individual ACO practices, partnerships between hospitals and ACO professionals and hospitals employing ACO professionals, with 1,595 physicians.
An ACO is a group of providers held responsible for the quality and cost of health care for a population of Medicare beneficiaries. An ACO requires both hospitals and physicians to work together to improve the health care delivery system. According to the Centers for Medicare & Medicaid Services, ACOs that succeed in reducing the rate of growth in the cost of care while providing high quality care will be able to share in the savings to Medicare.