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

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

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

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

Answer rating: 100% (QA)

Part 1 Reference Pricing Reference pricing is a pricing strategy used in various sectors including healthcare to establish a reference or benchmark price for a particular product or service It involve... View the full answer