A top Google Executive recently inferred that the United States can regain its economic footing by being the global leader for innovation. This innovation focus directly relates to the innovation and integration themes that are driving the 2012’s Federal healthcare initiatives. Specifically, Centers for Medicare and Medicaid Innovation’s (“CMI”) focus is to test innovative ideas and unique models to improve patient care for population health at a lower cost. In order to spawn innovative ideas, CMI constantly funds and supports models that use innovation to change how healthcare is delivered.
Just in the last two months, CMI announced $2 Billion in additional funding for innovative programs that will be implemented in early 2012. $1 Billion was allocated for grant funding. The grants may be awarded to either for-profit or nonprofit organizations or collaborations that meet the objectives of the program. Specifically, the Healthcare Innovation Challenge will provide