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CMS Announces Second Round of Funding for Innovation Awards

Jun 03, 2013

The Center for Medicare and Medicaid Innovation has recently announced the second round of funding for the Health Care Innovation Award

 

Like the first round, this Health Care Innovation Award will award up $1 billion in grants to test ways to deliver better health, improved care and lower costs to people enrolled in Medicare, Medicaid and CHIP (see Fact Sheet). CMS is specifically seeking new payment and service delivery models in four categories:

·        models that will rapidly reduce costs for Medicare, Medicaid, and CHIP in outpatient settings;

·        models that improve care for populations with specialized needs;

·        financial and clinical models for specific types of providers and suppliers; and

·        models that link clinical care delivery to preventative and population health.

 

For more detailed information about the healthcare innovation awards, please see the Funding Opportunity Announcement on the CMMI website. 

 

A letter of intent is due June 28, 2013, with applications due August 15, 2013.