A total of $275 million is available in funding for the State Innovation Models initiative, including $50 million for design and $225 million for testing selected state models.
As many as five states will be chosen for an initial round of testing and up to 25 states will be chosen for “model design awards,” according to HHS.
Model initiatives can include employers, insurers, community leaders, healthcare providers, consumers and tribal governments, according to HHS. The purpose of the state-driven initiatives is to test multi-payor payment and delivery system improvements for Medicare, Medicaid and Children’s Health Insurance Program beneficiaries.
The State Innovation Models initiative is meant to supplement healthcare innovation already happening in states, such as statewide primary care networks and coordinated care models, according to HHS.
HHS officials anticipate another opportunity for states to apply for state innovation model funding next year.
More Articles Related to HHS:
HHS Changes Dates of PPACA Implementation Regional Forums
HHS Issues Final Rule on Data-Reporting to Define Essential Health Benefits
15 New CMS Medicare ACOs to Participate in Advance Payment Model
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
