The Center for Medicare and Medicaid Innovation is making a challenge. The Health Care Innovation Challenge will award up to $1 billion in grants to applicants who will implement the most compelling ideas to deliver better health, improved care, and lower costs to people enrolled in Medicare, Medicaid, and CHIP.
The goals of this initiative are to engage a broad set of innovation partners to identify and test new care delivery and payment models, identify new models of workforce development and deployment, and support innovators who can rapidly deploy care improvement models.
Awards will range from $1 million to $30 million for a three-year period. Applications are open to providers, payers, local government, public-private partnerships, and multi-payer collaboratives. Each grantee will be monitored for measurable improvements in quality of care and savings generated.
You can learn more about the program’s objectives, application information, and important dates on The Health Care Innovation Challenge website.