Cutting Cost and Embracing Quality Healthcare the ACO Way

An Accountable Care Organization or ACO, for short, is usually made up of doctors, pharmacists, healthcare institutions, insurance and accounting experts amongst others. The professionals work together with an aim of extending affordable and superior healthcare services to those who need it. ACO groups have over the years worked on a string of ethics and healthcare blueprints that are likely to sweep across the board and change the future of healthcare systems in various ways.

Better Communication and Improved Efficiency

Accountable care organizations improve communication between sectors that turn the wheels of the entire healthcare scheme. Better communication between various medical experts and health institutions can for instance make it easy for, the right doctor-to-doctor or hospital-to-hospital, referral of the sick to take place at the right time. Hospitals consequently avoid situations that may stretch their resources and lead to empty pharmaceutical shelves, stressed work force or a displeased sick populace.

Health insurance providers and bankers who are part of ACO groups are obliged by the binding code of ethics to release funds promptly and so are the pharmaceutical suppliers. The smooth chain of events played by different stakeholders creates harmony, making the system efficient and beneficial to nearly every healthcare seeker out there.

Research and Development

ACO groups are setting a new and dynamic platform for medical research and development activities that can solve numerous health care problems across the world. Pharmacies are as a result of these likely to be re-stocked with more effective medications. This is because banks, insurance companies and health care experts who are a part of ACO group(s) are likely to agree more easily on the improvement or development new pharmaceutical drugs.

Independent health practitioners such as dentists, gynecologists, physiotherapists and cardiologist who are members of these groups also secure loans more easily and at affordable interest rates. This enables them to acquire state-of-the-art equipment and medications. In addition to these, health institutions can access loans and insurance funds promptly to improve the health of their balance sheets, enabling them to attract the best professionals in various departments that are needed to strengthen private and government health institutions’ services.

Reduced Wastage

Consolidating numerous professionals under an ACO umbrella is a unique way of establishing a linear system to lower the cost of medical services without compromising quality. Health care providers will for instance know pharmacies that stock genuine medicines at affordable or discounted prices.

The web of professionals also eliminates tedious and time wasting paperwork which always results into a bloated non-medical staff in healthcare institutions. This is because most ACOs are structured in a manner that allows procurements to be done genuinely at a central point, under the organization’s supervision.

The Pharmacy Automation Dispensing System Dimension

ACO establishments have as well identified pharmacy automation dispensing systems as an integral part of an efficient healthcare system. Medical institutions with insufficient number of pharmacists can for instance use the machines to accurately dispense the right dosage to the right healthcare seekers at the right time. This makes it possible to bring down the overall wage bill, avoid human errors that may result from lack of airtight oversight or fatigued workforce. Pharmacy automation also preserves drugs by preventing cross-termination which can harm the sick and cost the hospital a lot of money in law suits and loss of precious pharmaceutical drugs worth millions.

Social and Political Clout

ACOs are fast gaining grounds as lobby groups on the world healthcare system platforms. The mix of professionals makes it easy for governments and other healthcare stakeholders to get the right facts and make the right decisions. As a result, the exchequer is able to adjust budgetary allocations and turn around the fortunes of healthcare seekers and providers at a touch of a button.