CMS Announces Round Two of its Health Care Innovation Awards Including for Post-Acute Care
CMMI has announced Round Two of its Health Care Innovation Awards. Under this round of funding, CMS will spend up to $1 billion for awards and evaluation of projects from across the country that test new payment and service delivery models that will deliver better care and lower costs for Medicare, Medicaid, and Children’s Health Insurance Program (CHIP) enrollees.
Round Two specifically names models of care that are designed to rapidly reduce Medicare, Medicaid, and/or CHIP costs in outpatient and/or post-acute settings – including home health care.
CMS specifically seeks new payment models to support the service delivery models funded by this initiative. All applicants must submit, as part of their application, the design of a payment model that is consistent with the new service delivery model that they propose.
For more information in this funding opportunity through CMS, please review the full announcement here.