The big buzz in creating better models of care is the $1,000,000,000 CMS Innovation Center plans to throw into the mix in the next few weeks. A billion dollars should create some buzz. I have spoken to folks from major corporations and venture funds about their applications for the CMS Care Innovations Challenge funding. It seems a great idea for the folks who are charged to save our money to stimulate innovative models so we can benefit from many imaginations and see what works. I heard there are over 7,000 letters of intent, finals do this Friday.
Will the money reach the most creative minds? The application process is formidable. Will the legacy of rules and reimbursement models water down the innovation? Are the folks best able to generate new ideas capable of winning through the application process?
Will this volume of money determine what will be the future? Whether they are great ideas or just because they were funded? [click to continue…]
Louis Tenenbaum is the nation's leading authority on Aging in Place.
