Latest news with #CMMI
Forbes
4 days ago
- Health
- Forbes
Private Efforts Not Public Committees Will Generate Healthcare Savings
Bureaucracy Passed as part of the Affordable Care Act (ACA), the Center for Medicare & Medicaid Innovation (CMMI) was allocated $10 billion in 2011 for the first decade of its existence. It has been allocated hundreds of millions more since. The purpose of the program is to create payment models that reduce spending and/or improve the quality of care for patients enrolled in Medicare, Medicaid, and the Children's Health Insurance Program (CHIP). You would hope that having spent so much money that the CMMI would have developed meaningful reforms that justify all this money spent. Such hopes have been dashed unfortunately. Judged against its achievements not its purpose, CMMI is a failure. In its 2023 assessment, the Congressional Budget Office (CBO) now estimates that, due to the operations of the CMMI, total federal spending 'increased during the first 10 years of the center's operation and will continue to do so in its second decade.' According to the CBO, CMMI spent $7.9 billion developing and implementing pilot payment projects between 2011 and 2020 but it was only able to generate $2.6 billion in savings – it imposes a net cost on taxpayers. Avalere Health's 2022 evaluation concurred with the CBO's 2023 results finding that, between 2017 and 2021, CMMI's payment models increased total federal spending by $1.7 billion. These are damning assessments. Any private organization that earned $2.60 for every $7.90 it spent would soon be out of business, and for good reasons. Ventures that lose this much money are destroying value. Of course, saving money is only one of CMMI's goals. The other goal is to improve the quality of healthcare patients receive. If CMMI were developing models that significantly improved outcomes or patients' satisfaction, then that could potentially justify their efforts. Alas, as confirmed by a 2025 Avalere analysis, any potential quality improvements are minimal at best. Of the 18 models Avalere evaluated, only four models showed improved quality. The remaining models had either mixed or minimal quality impact. The study also found that 'there was little-to-no impact reflected in patient experience surveys and, where available, there were mixed results in outcomes across patient demographics.' Perhaps more important, CMMI rarely deems their payment models a success based on a core metric – whether a model meets the spending or quality criteria to expand. Since 2011, only four of the forty-nine models (or 8%) have met the criteria to be certified for expansion. The unwillingness of CMMI to expand the vast majority of its programs is an implicit admission that the programs do not save money or sufficiently improve outcomes for patients. Clearly, these negative results do not justify the billions of dollars that have been allocated to CMMI. Despite this evidence, faith persists that CMMI will eventually discover the right payment models. We just need to keep investing in the effort. This strategy is akin to a gambler chasing his losses. Chasing your losses violates the very definition of responsible gambling. As Kenny Rogers would say, you got to know when to fold 'em, and it's time to fold 'em. Rather than continuing to look toward government bureaucracies to generate savings and improve patient outcomes, policies should focus on creating a patient-centric healthcare system. Such a strategy would begin by closing down CMMI. The next step is to learn from CMMI's failures. CMMI failed, despite spending billions of dollars, because policymakers believed in the fallacy that central planning committees can devise a higher quality lower cost payment model. They can't. Experience demonstrates that empowering patients and incentivizing competition is a more effective pathway to generate budgetary savings and improve the quality of care. Bolder reforms would comprehensively address Medicare's broader deficiencies by turning Medicare into a cash-based benefit system that funds health savings accounts (HSAs) for seniors – provide Medicare benefits in the same manner as Social Security. At current spending levels, Medicare could give each beneficiary a bit more than $15,000 annually to cover their insurance and healthcare costs. Short of comprehensive reforms, there are large potential benefits from introducing competition into key portions of the healthcare system, as the success of Medicare Part D exemplifies. Created in 2003 as part of the Medicare Modernization Act, the program established a decentralized marketplace where private insurers design their own benefit packages to compete for enrollees. The law's non-interference clause prohibited the federal government from setting prices, ensuring that commercial dynamics, not bureaucracy, ruled the market. Over its first two decades, Medicare Part D spending was below the Congressional Budget Office's initial projections, average monthly premiums for standalone prescription drug plans remained under $40 (as of 2023), and surveys consistently showed high beneficiary satisfaction. Discouragingly, recent policy changes are undermining these reforms. The Inflation Reduction Act passed in August 2022 introduced what is essentially government-imposed price controls on select innovative drugs. The maximum fair prices on the first 10 drugs under Part D will become effective as of January 2026. If allowed to persist, these changes will undermine the benefits Medicare Part D has been able to create. It should not have been surprising that CMMI has failed to discover more efficient payment models. Centrally planned healthcare never produces the results its advocates expect. Rather than continuing to throw good money after bad, policymakers should wind down the CMMI and empower patients, providers, and private insurers to discover payment models that reduce costs while improving care.
Daily Tribune
09-07-2025
- Business
- Daily Tribune
Array becomes first Bahraini Firm Certified
TDT | Manama CMMI Level 3 milestone reached • First in Bahrain certified • Global software quality benchmark • AI, cloud delivery excellence Array Innovation, a Bahrain-headquartered AI and cloud-native solutions provider, has earned the Capability Maturity Model Integration (CMMI) Level 3 certification for software development – a global recognition that places the company in elite territory among tech firms across the region. The distinction marks a first for any Bahraini company and affirms Array's standing as a key player in the kingdom's digital transformation efforts. The CMMI Level 3 appraisal validates that Array operates with documented, repeatable processes and is committed to delivering high-quality, consistent software solutions. Founder and CEO Alaa Saeed said, 'As one of only a handful in the region to achieve this distinction, we are also extremely proud to have advanced Bahrain's technology sector as a whole.' The achievement reflects a rigorous quality management framework at the company, which operates under the ownership of Mumtalakat, Bahrain's sovereign wealth fund. Array's services span artificial intelligence, machine learning, data analytics, and cloud-native software systems through its Quantitative Development vertical. It also signals international confidence in Bahrain's emerging tech ecosystem. Raising the Bar Founder and CEO Alaa Saeed described the certification as a signal to current and prospective clients of the firm's ability to deliver world-class digital solutions. Pushing Further Chief Operating Officer Jasser El Mohor confirmed that the company is already working toward the more advanced CMMI Level 5 certification, a step that would further solidify its role as a regional leader in software delivery. Array's multidisciplinary team of engineers, designers, architects, and consultants has played a pivotal role in building platforms that help organisations gain insights, streamline operations, and meet their goals with greater efficiency. The company's focus on innovation, quality, and client-centric delivery is fast becoming a benchmark in the Gulf's rapidly maturing digital economy.
Business Standard
02-07-2025
- Business
- Business Standard
One Point One Solutions Limited achieves prestigious CMMI V3.0 Maturity Level 3 certification for Development and Services
PNN Mumbai (Maharashtra) [India], July 2: One Point One Solutions Limited a leading provider of business process management and technology solutions, has been awarded the Capability Maturity Model Integration (CMMI) V3.0 Maturity Level 3 Certification for both Development (DEV) and Services (SVC). This achievement places 1Point1 Solutions among a select group of Indian organisations to have attained this internationally recognized standard. CMMI Level 3 certification reflects the company's consistent use of well-defined processes and practices. It highlights 1Point1 Solutions' focus on quality, operational discipline and continuous improvement across all development and service functions. "Receiving the CMMI V3.0 Maturity Level 3 Certification is a significant step for 1Point1 Solutions," said Akshay Chhabra, Managing Director, 1Point1 Solutions. "It confirms the strength and alignment of our internal systems with global benchmarks and reinforces our aim to provide dependable and high-quality solutions to our clients." The certification process involved a detailed assessment of 1Point1 Solutions' workflows to ensure they meet global standards for software development and service delivery. It offers further assurance to clients and partners of the company's capability to consistently deliver efficient and reliable results that support business growth. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Wire
01-07-2025
- Business
- Business Wire
SkyePoint Decisions Joins Cloud Security Alliance
DULLES, Va.--(BUSINESS WIRE)--SkyePoint Decisions Inc. (SkyePoint), a leader in cybersecurity architecture, engineering, and critical infrastructure solutions for the federal government, today announced it has joined the Cloud Security Alliance (CSA), the world's leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment. "SkyePoint is pleased to announce our CSA corporate membership and looks forward to collaborating with other CSA industry leaders as we expand our cloud security presence and enhance our cloud and AI service offerings ..." Share 'SkyePoint is pleased to announce our CSA corporate membership and looks forward to collaborating with other CSA industry leaders as we expand our cloud security presence and enhance our cloud and AI service offerings in support of rapidly evolving, federal agency mission requirements,' said Jason Weaver, Chief Technology Officer for SkyePoint Decisions. 'Additionally, our employees are excited to have access to the alliance's extensive, professional development tools and training resources essential to maintaining industry-leading cloud and cyber posture, risk mitigation focus, and security compliance credentials.' About SkyePoint Decisions SkyePoint Decisions (SkyePoint) provides innovative, enterprise-wide solutions addressing complex challenges of its government clients. As a prime contractor committed to delivery excellence, SkyePoint develops comprehensive Information Technology, cloud and cybersecurity, engineering, maintenance, and operations solutions anytime, anywhere, and securely from any device. We combine technical expertise, mission awareness, and an empowered workforce to produce competitive, sustainable results. SkyePoint is an ISO 9001:2015, ISO 20000-1:2018, ISO 27001:2022, and CMMI Maturity Level 3 DEV/Maturity Level 3 SVC professional services provider with operations nationwide. For further information, connect with us at About the Cloud Security Alliance The Cloud Security Alliance (CSA) is the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, certification, events and products. CSA's activities, knowledge and extensive network benefit the entire community impacted by cloud — from providers and customers, to governments, entrepreneurs and the assurance industry — and provide a forum through which diverse parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at and follow us on X @cloudsa.
India.com
11-06-2025
- Business
- India.com
This company's shares in focus post this update on Indian subsidiary
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Shares of Eraaya LifeSpaces Limited, a publicly traded company on the BSE, gained nearly 4 per cent on Wednesday, i.e. on June 11, 2025. The share price rose after the company informed exchanges that its Indian flagship subsidiary has received the Capability Maturity Model Integration (CMMI) Maturity Level 5 certification. The counter opened in the green at Rs 44.75 against the previous close of Rs 44.51 on the BSE. It gained further to touch the intraday high of Rs 46.20 – a surge of 3.79 per cent from the closing price of the last trading session. However, the counter fell later amid profit booking and touched the 52-week low of Rs 42.29. The stock's 52-week high, which is the highest price the stock has reached in the past year, is Rs 316.90, and its market cap, which is the total value of all its outstanding shares, is Rs 839 crore. 'Indian flagship subsidiary, Ebix Technologies Limited (formerly known as EbixCash Limited), has achieved Capability Maturity Model Integration (CMMI) Maturity Level 5 certification—the highest possible rating granted by the CMMI Institute,' the company said in an exchange filing. The certification holds significance as it has emerged as a vital qualification standard for today's procurement landscape, particularly within government, PSU, and enterprise domains. Understanding the strategic Significance of CMMI Level 5 Certification – Operates with quantitative performance management and high predictability – Minimises delivery risk and variability – Improves efficiency through data-driven decisions – Delivers agile, high-quality outcomes at scale – Upholding best-in-class customer satisfaction practices is a core value of Eraaya LifeSpaces Limited, ensuring that its customers feel valued and well-served. Share Price History Shares of the company have shown remarkable resilience, giving a multibagger return of 3,503 per cent in two years and 5,489 per cent in three years. However, the counter has corrected 41 per cent in one year and 75 per cent in six months, a testament to the company's ability to weather market challenges. Quarter Results Earlier, the company reported a net loss of Rs 6 crore in the January-March quarter of the financial year 2025, compared to a net loss of Rs 20.84 crore in the third quarter of FY25.
