Monday, October 27, 2014

HHS Announces $840 Million Initiative To Improve Patient Care and Lower Costs

The Centers for Medicare & Medicaid Services (CMS) launched a new innovative model to support clinicians in achieving large-scale health care transformation. TheTransforming Clinical Practice Initiative will provide up to $840 million over the next 4 years to support 150,000 clinicians in sharing, adapting, and further developing comprehensive quality improvement strategies, which are expected to lead to greater improvements in patient health and reduction in health care costs.
CMS will award cooperative agreement funding for two network systems under this initiative: the Practice Transformation Networks and the Support and Alignment Network. The Practice Transformation Networks are peer-based learning networks designed to coach, mentor, and assist clinicians in developing core competencies specific to practice transformation. The Support and Alignment Network will provide a system for workforce development using national and regional professional associations and public-private partnerships that are currently working in practice transformation efforts. 
How To Apply
Beginning October 23, 2014, CMS will begin accepting applications for the following funding opportunity announcements:
Potential applicants are highly encouraged to submit nonbinding Letters of Intent to apply by November 20, 2014. The application period for both funding opportunity announcements is October 23, 2014, through January 6, 2015. The funding opportunity announcements and detailed application instructions are located on Grants.gov.

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