Accountable Care Organization (ACOs) networks (developed through Obama’s Affordable Care Act) are set to have a huge effect on the health care sector and senior housing. The ACOs comprise: hospitals, long-term care facilities, doctor’s offices and healthcare providers, which, together, have a responsibility toward the quality and care budget of their patients. The aim is to ultimately save money on Medicare.
Obama’s Healthcare Reforms
Given that 2012 is election year, a lot of people are talking about how Obama’s healthcare reform plans are going to work in practice. According to Chief Business Development Officer for Pathway Senior Living, Aaron D’Costa, “the overall impact of healthcare reform will affect the [senior care] industry as a whole.”
ACOs focuses on those individuals who are eligible for both Medicare and Medicaid and how best to meet their needs. If services are provided in a coordinated setting then this could lead to a reduction in costs across the entire system.