The Centers for Medicare and Medicare Services (CMS) announced yesterday that they are offering $1 billion in grants to providers and payers who propose “the most compelling new ideas to deliver better health, improved care and lower costs” for the Medicare, Medicaid and CHIP populations. CMS noted that priority will be given to projects that can begin within six months after the award is granted.
CMS has identified three primary objectives of the Innovation Challenge funding:
- Engage a wide variety of innovation partners and test new care delivery and payment models that promote better care, better health, and reduced costs;
- Identify new models of workforce development, deployment, education, and training that support new models; and,
- Support innovators who can rapidly deploy (within six months of award) through new ventures or expansion of efforts to new populations, in conjunction with other private and public sector partners.
The Home Care Alliance is hosting our own members Innovation Showcase on December 7th at the John F. Kennedy Library. At this event, seven member agencies will present their successful work in agency transformation in areas of care transitions, readmissions reductions, end of life care, and more. Senator President Therese Murray will be one of the invited guest speakers.
Join us on December 7th and be inspired.
Letters of Intent for the CMS program are due December 19th.