CMS Delays Innovation Challenge Determination
Awarding of Health Care Innovation Challenge grants ranging from $1 million to $30 million for a three-year period will be postponed by several weeks, according to the Centers for Medicare & Medicaid Services (CMS).
CMS said it has received approximately 3,000 applications for the grant money and it is taking longer than expected to evaluate them. Applications came from clinicians, information technology entrepreneurs, medical suppliers, health centers, hospitals, community base organizations, and citizens.
The program funds ideas to deliver better health, improved care, and lower costs for Medicare, Medicaid, and Children’s Health Insurance Program (CHIP) members, the agency said.
The objectives of this initiative are to:
- Engage a broad set of innovation partners to identify and test new care delivery and payment models originating in the field and producing better care, better health, and reduced cost through improvement for identified target populations.
- Identify new models of workforce development and deployment and related training and education that support new models either directly or through new infrastructure activities.
- Support innovators who can rapidly deploy care improvement models (within six months of award) through new ventures or expansion of existing efforts to new populations of patients in conjunction (where possible) with other public and private sector partners.
If you’re thinking of throwing your hat in the mix, the deadline for applications was Jan. 27, 2012; however, CMS may offer a second round of funding based on the success of this effort. Watch EdgeBlast for more news.