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Medicare unveils $1B healthcare innovation challenge

InformationWeek, November 18, 2011
The Centers for Medicare and Medicaid Services (CMS) will award up to $1 billion in grants for ideas that can deliver quick benefits to the Medicare program in terms of cost savings and higher-quality care. The program, funded by the 2010 Patient Protection and Affordable Care Act, will provide three-year grants of $1 million to $30 million--potentially hundreds of awards--to healthcare providers, payers, local government entities, and public-private partnerships, including collaborative efforts among multiple payers.