HHS announces $275M state funding initiative
Healthcarefinancenews.com: July 23, 2012 | Erin McCann, Contributing Editor
WASHINGTON – The U.S. Department of Health and Human Services (HHS) is making available up to $275 million to states to help them develop and test improvements to their healthcare systems that would bolster healthcare quality and reduce expenditures.
The State Innovation Models initiative, which is made possible through the Affordable Care Act, will offer financial and technical support for states to design innovative health programs for Medicare, Medicaid and Children’s Health Insurance Program (CHIP) beneficiaries.
The initiative, which was created and will be supported by the Centers for Medicare & Medicaid Services’ Center for Medicare and Medicaid Innovation, will provide a competitive funding opportunity for up to 30 states. States can apply for two types of awards: Model Design awards, to assist in implementing their already developed models, or Model Design awards that will provide funding and technical assistance as they determine what type of system improvements would work best for them. Read more