HHS Announces $1B for Second Round of Health Care Innovation Awards

HHS Secretary Kathleen Sebelius has announced a roughly $1 billion initiative to fund the second round of Health Care Innovation Awards.

The Health Care Innovation Awards, made possible by the Patient Protection and Affordable Care Act, give grants to innovative projects throughout the nation that have a high likelihood of driving healthcare system transformation and delivering better outcomes, according to the news release.

"These awards will continue to work to drive down healthcare costs while providing high quality care to all Americans," said Secretary Sebelius in the release. "Organizations from the public and private sectors throughout the country are finding creative solutions to our healthcare system challenges and these awards will continue to stimulate these ideas."

In 2012, CMS awarded 107 Health Care Innovation Awards. This year's second round of awards differs slightly from last year's, as CMS is specifically looking for innovations in four areas: rapidly reducing costs for patients with Medicare and Medicaid in outpatient settings, improving care for populations with specialized needs, testing improved financial and clinical models for specific provider types and linking clinical care delivery to prevention and population health.

Click here for more information on round two of the Health Care Innovation Awards.

More Articles on HHS:

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HHS Updates Standards for Culturally Sensitive Health Services

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