An analysis by Accenture of the State Health Innovation Plans developed by 25 states found the top five projected investment areas of the states currently participating in the program.
Information like this can give investors valuable insights into areas of growth for purposes of considering different investment targets.
In total, CMS has invested $960 million in the State Innovation Models initiative, which provides financial and technical support to states for the development and testing of state-led, multi-payer healthcare payment and service delivery models intended to improve health system performance, increase quality of care and decrease costs for Medicare, Medicaid and Children’s Health Insurance Program beneficiaries and for residents of participating states. Nine states are in pre-testing and testing phases and 16 have completed model designs.
Accenture’s analysis (pdf) found the top projected investment areas are:
- Patient-centered medical homes
- Lower-cost labor models
- Self-service tools
- All-payer claims databases
“These initiatives taking hold across the country are part of the shift from an essentially outdated healthcare system to the evolution of family and community-centered care models and a real convergence of health and human services,” said Kaveh Safavi MD, global managing director of Accenture’s health practice, in a news release.