KAZARIAN FOUNDATION ADVANCES US$36 MILLION HEALTHCARE INNOVATION CHALLENGE

-- Proposal Successfully Validated and Retrieved by US Federal Agency --

Dateline: Washington, D.C. February 8, 2012

The Charles & Agnes Kazarian Foundation has been notified that its US$36 million Health Care Innovation Challenge proposal has been successfully validated and subsequently retrieved by the United States Centers for Medicare & Medicaid Services.

The Foundation’s proposal is to create a nationwide Health Corps of America (“the Corps”) consisting of healthcare professionals delivering at-home integrative medicine to high-cost, high-risk elderly populations.

The Charles & Agnes Kazarian Foundation will fund US$6 million of the Corps’ budget. The Corps and its eight world class partners, specializing in the four Building Blocks listed below, will be managed by the Foundation.

The Corps projects total savings and value-add over the next three years to be US$90 million, which is a multiple of three times the government grant. A Foundation spokesperson commented:

“Very compellingly, the Corps would generate $60 million of net savings while creating 1,882 jobs, which is $31,881 in net savings per job.”

The Health Corps of America is significantly based on the Foundation's proprietary research, especially on the global benchmarks and high value-add best practices of internships and volunteerism.

The Corps will be a nationwide program founded upon four Building Blocks: #1. Benchmarking & Best Practices, #2. Critical Thinking & Education, #3. Integrative Medicine, and #4. Home Care.

The Corps will be managed and measured with three Key Performance Indicators (“KPIs”): #1. Health Care Cost Savings, #2. Quality of Life Value, and #3. Sustainable Jobs Created.

The Charles & Agnes Kazarian Foundation is a private operating foundation established in 1998. The Foundation seeks to empower great aspirations in the whole human family, and focuses on global economic development, education, and healthcare initiatives. The Foundation’s mission is guided by two principles: (1) the knowledge contained in “New Philanthropy Benchmarking: Wisdom for the Passionate”, especially the principle that the social sector can achieve transformative change by cultivating intense positive competition among its stakeholders, and (2) that a society is best judged by its success in empowering the most disadvantaged, especially those with disabilities.

The Health Care Innovation Challenge, sponsored by the United States Centers for Medicare & Medicaid Services and funded by the Affordable Care Act, will award up to US$1 billion in grants to applicants who will implement the most compelling new ideas to deliver better health, improved care and lower costs to high-cost, high-risk individuals.

Those interested in learning more about this initiative may contact The Charles & Agnes Kazarian Foundation, 1629 K Street NW, Suite 300, Washington, DC: info@kazarianfoundation.org

  The Charles & Agnes Kazarian Foundation is a registered 501(c)(3)