Publication year
2013Source
American Journal of Managed Care, 19, 6, (2013), pp. 517-9ISSN
Publication type
Article / Letter to editor
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Organization
IQ Healthcare
Journal title
American Journal of Managed Care
Volume
vol. 19
Issue
iss. 6
Page start
p. 517
Page end
p. 9
Subject
NCEBP 4: Quality of hospital and integrated careAbstract
Accountable Care Organizations (ACOs) need to reconsider their provider configuration and make it capable of managing clinical and financial risk. To that aim, their management must decide which medical procedures are done by the ACO itself, and which are contracted out to market providers. Making this decision requires a balanced treatment of market and firm organization, recognizing that each has properties that can turn into relative strengths. Such a balanced treatment is lacking in the ACO debate. Using the transaction cost theory, we provide such a balanced treatment of market and firm organization, and discuss implications for the design of ACOs and accountable care initiatives in general.
This item appears in the following Collection(s)
- Academic publications [238586]
- Faculty of Medical Sciences [90409]
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