High Value Healthcare Collaborative Receives $26 Million Health Care Innovation Grant
Members of the High Value Healthcare Collaborative will share in a $26 million Innovation Grant announced Friday by the Center for Medicare and Medicaid Innovation (CMMI).
The grant will fund a program to engage patients and implement shared decision making for patients facing hip, knee or spine surgery, and for patients with diabetes or congestive heart failure. The 16 members of the HVHC collectively serve 50 million patients in health systems across the United States.
According to the CMMI announcement, the project will result in savings of $64 million over three years, largely due to reduced utilization and costs that have been shown tooccur when patients are engaged and empowered to make health care decisionsbased on their own values and preferences.