Trillium Innovation Fund FAQs
Frequently Asked Questions
What length of time do Innovation Funds cover?
Approved projects are funded for 12 months. For example, if a project goes live 6/1/19, funding will be available through 5/31/2020, with the caveat that certain accounting/finance accrual conditions must be met by the end of calendar 2019 in order for any remaining disbursements of the 2019 available funding to cross over and be paid in 2020.
What mechanism, if any, will there be for evaluating projects within the 12‐month funding time frame of the Fund for projects whose results could take longer than 12 months to mature?
A specific defined evaluation mechanism is not yet available as it depends on the type and circumstances of the proposed Program. In order to be approved for Innovation funding for Year 1, a proposed program/project will have to demonstrate a robust business case and plan that outlines the key assumptions, metrics, and indicators that need to be met in order for the program/project to be deemed successful at end of Year 1. The business plan also needs to outline the required funding resources after Year 1 and what is the plan to secure those funding resources, if ongoing program funding is needed. Trillium funding after Year 1 is not guaranteed. In order for Trillium to consider extending funding after Year 1 (through an ongoing annual Agreement and not through the Innovation Funds), the proposed program/project will have to demonstrate that it has met the milestones, outcomes/ROI, and community impact as initially presented when approved for the Innovation funding (both leading and lagging quantitative and qualitative measurements). If certain success metrics are not available during Year 1, the program/project will have to measure and report on other, more leading indicators that show program success and progress towards the stated goal/objective.
What is a value‐based program (as listed under the headline "Who can apply" on page 1)?
Value‐based programs (VBPs) and Alternative Payment Models (APMs) are related and many times used inter‐changeably. They refer to payment and reimbursement methodologies that try to incorporate and tie payments to positive and improving health outcomes and other quality and performance metrics (and it often includes elements such as risk‐share, shared savings, etc.). Moving from a fee‐for‐service to these value-based programs and reimbursement methodologies for healthcare payments has been a long‐term goal of CMS nation‐wide, as well as part of OHA’s CCO 2.0 goal.