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Aca Payment Reform Plan

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Payment Reform Action Plan:
Meeting the New Medicare Payment Reform Target

There has been much addressed about the Affordable Health Care Act (ACA). The law was passed to allow preventive care more accessible and affordable to the population. Today, most health care payments are made on a fee-for-service basis, which rewards overuse, promotes waste and inefficiency, and pays little attention to accountability for quality of care. The ACA offered the opportunity to test alternative payment models that pay health providers based on the value of care rather than volume.
This change in the law of health care allows payments to healthcare providers on the quality of care, rather than the quantity of care. The models implemented under the ACA rewards health providers who can improve patient outcomes and reduce costs through a variety of approaches, including shared savings, financial risk, and enhanced payments for care coordination and service integration. Some key examples of these new models are patient-centered medical homes, bundled payments, and accountable care organizations. These alternative models are close to meeting the goals of improved quality and reduced cost. The models are also looking to have some promise when it comes to meeting the goal of requiring providers to reduce hospital readmissions and rewarding meaningful use of health information technology (Zeke Emanuel, 2015). Today is the crucial time to apply these new payment models on a more widespread to improve American health care. This helps by utilizing the dollars that are spent more for the enhancement in health care are done so efficiently and effectively.
A few short weeks ago, on January 26, 2015, Health and Human Services, or HHS. Secretary Sylvia Mathews Burwell, took a major step toward realizing that vision by setting specific goals for the use of new payment models under

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