The White House has announced up to $1 billion for a program to support healthcare innovation, cut costs and improve care, Reuters reported.
According to the news outlet, funding from the program will be given to doctors, government organizations and groups involved with Medicaid and Medicare that have ideas on how to fix the system.
The Washington Post reported that the funds are for experimenting with different ways to expand the healthcare workforce while possibly reducing the cost of delivering medical services. There will be an emphasis on speed, as the new programs are projected to be running within six months of the initial funding.
“This will open the in-box for many innovators and organizations that have an idea to bring to the table,” Don Berwick, administrator for the Centers for Medicare & Medicaid Services, told the newspaper. “We’re seeking innovators, organizations and leaders that have an idea to bring into further testing.”
The Post reported that healthcare employment is already in a period of growth, adding 300,000 jobs in the past year, according to the Bureau of Labor Statistics.