CMS awards $300m to ACOs, PCMHs
The Centers for Medicare & Medicaid Services (CMS) is increasing its efforts to support new and emerging care delivery models by awarding $300 million to 25 states through the State Innovation Models Initiative, according to an announcement by the Center for Medicare and Medicaid Innovation. Six states will receive awards for Model Testing, three for Model Pre-Testing, and 16 for Model Design.
According to the Innovation Center’s overview of the program, the funding will support health system transformation:
The Innovation Center is interested in testing innovative payment and service delivery models that have the potential to lower costs for Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP), while maintaining or improving quality of care for program beneficiaries. The goal is to create multi-payer models with a broad mission to raise community health status and reduce long term health risks for beneficiaries of Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP).