Shift To Focus On Quality Over Quantity Proving To Be Effective
With the Affordable Care Act, a new system of focusing on quality over quantity of care has been implemented and has proven to be extremely effective. Since the Affordable Care Act became law in 2010, these systems have led to 50,000 fewer patient fatalities in hospitals and 150,000 fewer preventable hospital readmissions. Since healthcare professionals and hospitals are encouraged to focus more on quality in this universal healthcare system, quality of life is enhanced.
Financial incentives such as these have contributed to great expectations from the Department of Health and Human Services. These promising results and expectations include:
- Since the enactment of the Affordable Care Act, over 400 Medicare Accountable Care Organizations (ACOs) that have participated in the Shared Savings Program and the Pioneer ACO Model have been able to generate a whopping $417 million in savings for Medicare.
- Thanks to the Partnership for Patients, Quality Improvement Organizations, ACOs, and more, we have experienced a 17 percent decline in hospital-acquired condition rates, 50,000 saved lives between 2010 and 2013, and healthcare cost savings of $12 billion.
- Overall, Medicare hospital readmissions are continuously declining, with 150,000 fewer Medicare readmissions between January 2012 and December 2013.
- Many healthcare providers and doctors’ offices have had the ability to expand their office hours and call lines in efforts to improve support care and access thanks to ACO programs and Innovation Center initiatives.
Many well-known organizations are contributing to these amazing results by setting their own goals for a rewarding value system. These organizations include:
- American Cancer Society
- American College of Physicians
- Caesars Entertainment
- State of Delaware
- Dignity Health
- Rite Aid