Providence and Swedish have received federal approval to participate in a Medicare program that rewards hospital systems with a payout when they save the feds money on health care.
Providence, which governs Swedish, created the Accountable Care Organization, which is one of 123 new ACOs across the country that the feds recently approved to partner with Medicare. The Providence/Swedish ACO is the only new one approved in Washington, and just the third in the state since the U.S. Department of Health…
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