Health Care Innovation Awards

Posted by on June 24, 2013

Made possible by the Affordable Care Act, the Health Care Innovations Awards provides an opportunity to improve quality and bring down costs for patients and taxpayers. On May 15, 2013, the Center for Medicare and Medicaid Services (CMS) announced it will award up to $1 billion to fund the development of new models of healthcare delivery that improve quality and reduce costs of treating people enrolled in Medicare, Medicaid and the Children’s Health Insurance Program (CHIP). Last year, CMS awarded 107 Health Care Innovation Awards to projects located in urban and rural areas, all 50 states, the District of Columbia, and Puerto Rico. This round of awards is specifically seeking innovations in four areas:

· Rapidly reduce Medicare, Medicaid, and/or CHIP costs in outpatient and/or post-acute settings

· Improve care for populations with specialized needs

· Test approaches for specific types of providers to transform their financial and clinical models

· Improve the health of populations – defined geographically (health of a community), clinically (health of those with specific diseases), or by socioeconomic class – through activities focused on engaging beneficiaries, prevention (i.e. diabetes or hypertension prevention programs), wellness, and comprehensive care that extend beyond the clinical service delivery setting

Some key dates and deadlines:

· Letters of Intent to Apply will be accepted between June 1 and June 28, 2013 3pm ET

· Applications will be accepted between June 14 and August 15, 2013 3 pm ET

http://innovation.cms.gov/initiatives/Health-Care-Innovation-Awards/Round-2.html