Define the concept of innovation

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Reference no: EM133132343

Use the below link as a source to answer. Please feel free to use additional sources. Please reference

https://innovation.cms.gov/

1. Define Reference Pricing and identify what other sector uses reference pricing and how does it benefit the market? Visit CMS and conduct other research.

2. Define the concept of "innovation". What is the mission or purpose of The Centers for Medicare and Medicaid Services (CMS) Innovation?

3. Identify if our health care system uses reference pricing and identify how it would benefit consumers and payers of health care services. Visit CMS and conduct additional research.

4. What are the economic goals CMS is attempting to achieve through The Centers for Medicare and Medicaid Services Innovation and why?

Reference no: EM133132343

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