As would-be applicants to the Health Care Innovation Challenge across the country are learning, the Center for Medicare & Medicaid Services' monstrous $1 billion program aimed at innovating health care and payment models in an effort to save money is no walk in the park.
By December 19, 2011, CMS had received well over 10,000 letters of intent for the program. While a significant percentage of these LOIs will probably not result in full proposal submissions, interest in the program has been unsurprisingly overwhelming. With the January 27 deadline looming, project developers, writers, and other grants professionals are knee-deep in the murky program requirements, which call for a tightly-knit forty-page narrative and a complex total cost of care savings plan, among other elements.