The federal government will award up to $1 billion in grants over three years for innovative programs to improve care while lowering costs to "high-need" patients enrolled in Medicare, Medicaid and CHIP.

Awards under the Health Care Innovation Challenge announced on Nov. 14 will range from about $1 million to $30 million over three years. The program is open to providers, payers, local governments, public-private partnerships and multi-payer collaborations.

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