CareFirst Receives $24 Million Health Care Innovation Award from CMS
Grant Will Extend Company's PCMH Model to Medicare Beneficiaries
Baltimore, MD (June 15, 2012) - CareFirst BlueCross BlueShield (CareFirst) today announced it has received a $24 million Health Care Innovation Award from CMS. The grant will fund a three-year program designed to serve 25,000 Medicare beneficiaries in Maryland.
"We are pleased that our Total Care and Cost Improvement (TCCI) Program has been selected by CMS for a Health Care Innovation Award," said CareFirst President and CEO Chet Burrell. "CMS has set a goal of delivering better care and lowering costs for those Americans served by public health programs such as Medicare. At the center of our TCCI program are the principles and components of the Patient-Centered Medical Home program that we have developed and put in place to serve CareFirst's members. The award from CMS is further recognition of the promise of our program to improve care for those patients with the greatest health needs while taking steps to slow the growth of health care costs. We will get to work immediately to extend this program to serve a portion of the Medicare population in our community."
In its 75th year of service, CareFirst, an independent licensee of the Blue Cross and Blue Shield Association, is a not-for-profit health care company which, through its affiliates and subsidiaries, offers a comprehensive portfolio of health insurance products and administrative services to 3.4 million individuals and groups in Maryland, the District of Columbia and Northern Virginia. In 2011, CareFirst contributed $51 million to community programs designed to increase the accessibility, affordability, safety and quality of health care throughout its market areas. To learn more about CareFirst BlueCross BlueShield, visit our web site at www.carefirst.com or follow us on Twitter: http://twitter.com/CareFirst_News.