CMS Seeks To ‘Rapidly Reduce’ Medicare Spending With $1 Billion In Grants

Circle Connections: Policy & Regulatory Updates The Centers for Medicare & Medicaid Services (CMS) announced that nearly $1 billion in grant money will be available to healthcare providers that can demonstrate a high likelihood of success in rapidly lowering costs and improving quality for chronic and special needs populations. This second round of Health Care Innovation Awards differs from the first round. This time, CMS said it's looking for innovations in four areas: 1. Rapidly reducing costs for patients with Medicare and Medicaid in outpatient hospital and other settings; 2. Improving care for populations with specialized needs; 3. Testing . . .