The federal Centers for Medicare & Medicaid Services (CMS) recently announced the opening of the second round of Health Care Innovation Awards.  Through the program, CMS will offer up to $1 billion in funding for initiatives that test new payment and service delivery models designed to improve health care outcomes and lower costs for Medicaid, Medicare, and Children’s Health Insurance Program (CHIP) enrollees.  Last year, the first year of grant funding, CMS bestowed 107 awards, out of nearly 3000 applicants, to recipients in all fifty states.  Local governments are among the parties eligible for award funding, which also include health care providers, private sector and nonprofit organizations, state governments, and public-private partnerships.

CMS is accepting letters of intent between June 1 and June 28.  Final applications will be accepted from June 15 until August 15.  For more information on the funding opportunity, please visit the Health Care Innovation Awards initiative website at:  http://innovation.cms.gov/initiatives/Health-Care-Innovation-Awards/Round-2.