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Recently, the Department of Health and Human Services, through the Affordable Care Act, launched the Health Care Innovation Challenge, which will award $1 billion in grants to applicants who will implement the most compelling new ideas to deliver better health and improved care at lower costs to people enrolled in Medicare, Medicaid and the Children’s Health Insurance Program (CHIP)—particularly those with the greatest health care needs.
The Challenge is a signature initiative of the Center for Medicare and Medicaid Innovation, and promises to catalyze new approaches that support health care delivery transformation. It offers an unprecedented opportunity for innovators and entrepreneurs who have been working tirelessly on new care improvement models but have often faced great difficulty bringing them to the patients who need them in today’s reimbursement environment. This Challenge will help us by:
Some of the greatest transformations American healthcare has seen have come from sources outside its traditional boundaries — for example, health care has borrowed widely from the automotive, aerospace, and defense industries to innovate. So please share this post far and wide to innovative thinkers in every corner of American industry – even to those who haven’t yet actively engaged in the health care delivery sector. There’s never been a better time to innovate in health care – as more and more of the information required to power innovations that safeguard and improve health becomes available and accessible, and as the health care system begins to reward providers for keeping patients healthy and delivering value, not just volume. Answer the Health Care Innovation Challenge, and play your part in improving the nation’s health care system by proposing new ideas that deliver better health and improved care at lower costs to people with Medicare, Medicaid and CHIP.