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$1 Billion Initiative Calls for Innovations to Deliver High-Quality Medical Care and Save Money
President Obama announced the Health Care Innovation Challenge — a $1 billion initiative to support the most compelling new ideas to deliver better health, improve care and lower costs to people enrolled in Medicare, Medicaid and/or the Children's Health Insurance Program (CHIP). The objectives of this initiative are to:
- Engage a broad set of innovation partners to identify and test new care delivery and payment models that originate in the field and that produce better care, better health and reduced cost through improvement for identified target populations;
- Identify new models of workforce development and deployment that support new models through new infrastructure activities; and,
- Support organizations 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.
Administered by the U.S. Department of Health and Human Services, the challenge also will give preference to projects that rapidly hire, train and deploy health care worker. Applications are open to providers, payers, local government, community-based organizations and public-private partnerships. Individual awards will range from approximately $1 million to $30 million. 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, 2011.