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New Practices Being Recruited for SIM; Deadline March 31

Date: February 28th, 2017Category: CORHIO e-NewsletterTopics: Primary Care, Behavioral Health

 

The State Innovation Model (SIM) Cohort Healthcare Initiative has released an application to recruit new practices into program.

The Colorado State Innovation Model (SIM) office has released the second provider recruitment application for participation in its second cohort. There are 92 primary care practices and four bidirectional behavioral health homes participating in SIM, and this recruitment process will ideally add 150 practices to the group.

The initiative is designed to help healthcare providers integrate behavioral health and primary care, as well as test value-based reimbursement models. Integrated care has been shown to improve outcomes, reduce costs and enhance provider morale. About 900 SIM providers are delivering this type of care.

SIM helps providers progress along an integrated care path continuum that might start with referrals to behavioral health or primary care and could lead to co-location of professionals.

Colorado is one of 11 states selected for SIM model test awards funded by the Center for Medicare & Medicaid Services, and it was the only state to focus on integrated care with public and private payers as its primary goal. The state will receive $65 million from the Center for Medicare and Medicaid Innovation to implement and test its proposed model for healthcare innovation. SIM is expected to save $126.6 million in healthcare costs with a 1.95 return on investment during its four-year time frame.

CORHIO’s Transformation Support Services specialists can help your practice with the SIM Cohort 2 application so please Contact Us.

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