Abstract
Program Description:
The practice of medicine is rapidly transforming in response to healthcare reform and cost reduction efforts. ACOs, first introduced into the Patient Protection and Affordable Care Act in 2009, are a payment and care delivery model that tie reimbursements to performance and cost reduction for a defined patient population. The physician must understand the laws and economics that affect the delivery of healthcare. Participants will gain an understanding of 1) Healthcare laws 2) ACOs, with a focus on outcomes, safety, and satisfaction while decreasing costs, negotiation tactics, and methods of awarding any shared savings. 3) Socioeconomic factors and concerns regarding emerging payment paradigms.
Educational Objectives:
1) Evaluate the current and future impact of Federal Healthcare Regulations upon otolaryngologic practice. 2) Comprehend physician and hospital organized ACOs, their objectives and considerations that will affect your role within that structure. 3) Recognize socioeconomic concerns related to transitioning from a fee for service model into ACOs and other future payment paradigms and what the Board of Governors is doing on behalf of our members.
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