HHS to Invest $840M to Promote Healthcare Reform
With the aim of helping more physicians get on board with healthcare reform, the U.S. Department of Health & Human Services (HHS) announced, October 23, that it will invest $840 million over the next four years in a new initiative: the Transforming Clinical Practice Initiative.
There were 850,085 physicians in 2010 with an active license to practice medicine in the United States and District of Columbia, according to an analysis of the Federation of State Medical Board’s (FSMB’s) database. And only about 185,000 of those physicians currently participate in existing programs, models, and initiatives that facilitate practice transformation, according to the Centers for Medicare & Medicaid Services (CMS).
The new initiative aligns with the criteria for healthcare reform set forth in the Affordable Care Act:
- Promoting broad payment and practice reform in primary care and specialty care;
- Promoting care coordination between providers of services and suppliers;
- Establishing community-based health teams to support chronic care management; and
- Promoting improved quality and reduced cost by developing a collaborative of institutions that support practice transformation.
Funding will go to successful applicants who work directly with medical providers to rethink and redesign their practices, moving from systems driven by quantity of care to ones focused on patients’ health outcomes and coordinated healthcare systems.
CMS is now accepting applications for the following funding opportunities:
- Practice transformation networks: Peer-based learning networks design to coach, mentor, and assist clinicians in developing core competencies specific to practice transformation.
- Support and Alignment networks: Those who provide a system for workforce development using national and regional professional associatations and partnerships.
Viable participants in the initiative include:
- Eligible medical professional associates;
- Specialty societies; and
- Other organizations involved in aligning their programs with the aims of the initiative.
The application period for both funding opportunity announcements is October 23 through January 6, 2015. Potential applicants are highly encouraged to submit nonbinding Letters of Intent (LOI) by November 20. The funding opportunity announcements and detailed application instructions are located on Grants.gov.
A series of informational session webinars for potential applications will be held on November 6 and November 20. Potential applicants may submit questions during these informational webinars and responses will be posted on CMS’ website afterward.
Practice Transformation Network Information Webinars
- The November 6 informational webinar will be held from 1 pm-2 pm EST. Registration is now open.
- The November 20 informational webinar will be held from 1 pm-2 pm EST. Registration is now open.
Support and Alignment Network Webinars
- The November 6 informational webinar will be held from 3 pm-4 pm EST. Registration is now open.
- The November 20 informational webinar will be held from 3 pm-4 pm EST. Registration is now open.
For additional information, please contact firstname.lastname@example.org.
Latest posts by Renee Dustman (see all)
- Stakeholders Rebuke Hospital Price Transparency Final Rule - December 6, 2019
- New G Codes Bundle Opioid Use Disorder Treatment - November 25, 2019
- Hospitals Ordered to Offer Patients Price Transparency - November 15, 2019