New federal funding — up to $1B — available for next generation of health care innovations.
The U.S. Department of Health and Human Services announced Monday (Nov. 14) it will award up to $1 billion to innovative projects across the country that test creative ways to deliver high-quality medical care and save money. The Health Care Innovation Challenge will give preference to projects that rapidly hire, train and deploy health care workers.
The Center for Medicare & Medicaid Innovation will host a webinar from 11 a.m. to noon Thursday (Nov. 17) to provide an overview of the initiative and answer questions. To join, visit the webinar site. Participants wanting to only listen to audio may dial (888) 567-1602 or (201) 604-5049 and request “Center for Medicare & Medicaid Innovation Webcast” (no passcode).
Awards will be expected to range from approximately $1 million to $30 million over three years, according to the center. Applications are open to providers, payers, local government, community-based organizations and particularly to public-private partnerships and multipayer approaches. Each grantee project will be evaluated and monitored for measurable improvements in quality of care and savings generated. Letters of intent are due Dec. 19 with applications due Jan. 27.
For more information, visit http://innovation.cms.gov/initiatives/innovation-challenge/index.html.