Small practices can be disadvantaged compared to large hospitals because efforts to manage population health are often complex and expensive. Applications for specialized IT services are often among the management approaches rejected by physicians for this reason. Medical Economics reports that joining ACOs or other kinds of networks helps practices spread out the costs of required infrastructure. Beyond cost spreading, ACOs benefit small practices through channeling government funding, aiding in the acquisition of core software requirements, and making efficiency adjustments to workflow. Further information on the difference ACOs make can be found here.
If you are interested in learning about joining an ACO, contact Beth Petersen at beth.petersen@phvne.com