A new four-year federal initiative backed with $840 million in funding is designed to aid 150,000 physician practices in transforming their operations to improve the efficiency, quality and coordination of care, supported with information technologies.

The Centers for Medicare and Medicaid Services announced the health reform-funded Transforming Clinical Practices Initiative on Oct. 23. Funding opportunities are now available for two types of new network systems: Practice Transformation Networks and Support and Alignment Networks.

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