Funds for Innovation and Job Creation

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Funds for Innovation and Job Creation
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The Obama administration will award up to $1 billion to innovative projects that test creative ways to deliver high-quality medical care and save money. Launched on Nov. 14, by the Department of Health and Human Services and funded by the Affordable Care Act, the Health Care Innovation Challenge

?(www.innovation.cms.gov) will give preference to projects that rapidly hire, train and deploy health care workers. The initiative will award grants in March to applicants who will implement the most compelling new ideas to deliver better health, improved care and lower costs to people enrolled in Medicare, Medicaid and the Children?s Health Insurance Program. Priority will be given to projects that focus on rapid workforce development and that can begin within six months of the November launch. Awards are expected to range from approximately $1 million to $30 million over three years.? Applications are open to providers, payers, local government, community-based organizations and particularly to public-private partnerships and multipayer approaches.