Texas Health Resources, Aetna form ACO
The latest Accountable Care Organization, an affiliation of medical providers and sometimes insurers that assumes financial responsibility for patients' medical expenses, has been formed by Arlington-based Texas Health Resources and Aetna Inc. The two announced today that they will operate in 10 North Texas counties, including Tarrant and Dallas. THR operates 25 hospitals and its Texas Health Physicians Group has more than 750 doctors and other providers. Early this month it formed another ACO with Blue Cross Blue Shield of Texas, and also has formed an ACO specifically for Medicare beneficiaries. Aetna says it is one of the nation's largest health insurers with about 37 million customers.
"Texas health is collaborating with Aetna, physicians and employers to develop an accountable care model that not only cares for people when they are ill, but also focuses on keeping people healthy and out of the hospital unless they are acutely sick or injured," THR CEO Doug Hawthorne said in a prepared release. Ralph Holmes, president of Aetna's Texas operations, in the same release said "we believe our members will receive more coordinated care that will lead to better health outcomes."