Healthcare Providers Receive $51.2M to Improve Care, Decrease Costs
According to an article written in New Mexico Business Weekly (NMBW), $51.2 million in grants has been awarded to six healthcare providers in New Mexico, funded by the U.S. Services for Medicare and Medicaid in connection with the Affordable Care Act. The grants are intended to promote medical innovation and keep patients out of the hospital.
The NMBW writes that the grants are being used in the development, improvement, and creation of several medical programs, including in-home care for cancer patients, home visitation programs for medication administering, treating high-severity/high-cost patients, expanding diabetes programs, retraining doctors and nurses in the care of recently discharged schizophrenic patients, and reducing the number of hospital visits for assisted living and dementia patients.
The New Mexico healthcare providers influenced by these grants include Ben Archer Healthcare in Hatch, NM, The University of New Mexico Health Science Center, Boston-based Joslin Diabetes Center, Innovative Oncology Business Solutions, The University of North Texas Health Science Center that has assisted living and dementia programs in New Mexico, and the Feinstein Institute for Medical Research of Manhasset, NY that serves schizophrenic patients in several states, including New Mexico.
The funding in New Mexico will impact medical communities throughout the country due to the fact that the institutes receiving grants have programs spread throughout many states. The U.S. Services for Medicare and Medicaid claims that the motivation behind the donations is to create programs that will prevent wasted money and help save the healthcare program as much as $1.3 billion over the next three years.
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