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The term accountable care organization (ACO) dates back to at least 2006. The Affordable Care Act then made ACOs a fast-growing trend thanks to the Centers for Medicare and Medicaid Services (CMS) launching its Shared Savings Program in 2012.
Since then, ACOs have been at the forefront of the value-based care model transition, taking incremental steps toward having healthcare providers bear a greater share of the cost of healthcare for their patients. That has forced health systems and physician practices affiliated with ACOs to redesign processes focusing on preventing expensive care services.