CMS Launches $840 Million Value-Based Health Care Transformation Initiative

On October 23, 2014, the federal Centers for Medicare & Medicaid Services (CMS) launched a new health care transformation initiative to help clinical professionals and hospitals move from volume-based to valued-based services. Through this initiative, CMS will provide up to $840 million over the next four years to support 150,000 clinical professionals in the development of comprehensive quality improvement strategies. Funding applications are due by January 6, 2015. Applications will be accepted from for-profit and non-profit organizations including: community mental health provider organizations, clinical management organizations, clinical integration networks, commercial insurers, independent physician associations, home . . .