The White House Wednesday nominated Adam Boehler, head of the Center for Medicare and Medicaid Innovation (CMMI), to lead the newly formed International Development Finance Corporation, which coordinates foreign aid and investment.
Boehler has led the CMMI since April 2018 and has spearheaded several alternative payment models to shift Medicare and Medicaid from a fee-for-service to a value-based system.
“I’ll tell you a lot of what I do in my role running CMMI as senior advisor to [HHS] Secretary Alex Azar is to blow up fee for service,” he said during a fireside chat at the Office of the National Coordinator for Health IT's annual conference last year.
Some payment models introduced under Boehler’s watch include the Primary Cares model and a model to overhaul how the Centers for Medicare & Medicaid Services reimburses ambulance crews.
Boehler was also on hand Wednesday for President Donald Trump’s announcement of five new payment models, one of which is mandatory, to transform kidney care.
Before joining CMMI, Boehler served as the CEO and founder of Landmark Health, a major home-based medical group that serves patients throughout the U.S. He also worked at various venture capital and global investment firms.
The International Development Finance Corporation is a consolidated agency that enfolds several existing U.S. global development agencies such as USAID’s Development Credit Authority and the Overseas Private Investment Corporation.
The new agency is set to begin operations in October.
CMS Administrator Seema Verma wished Boehler well via Twitter Wednesday evening:
Congrats @AdamCMMi on your upcoming nomination by @POTUS to serve as CEO of the U.S. International Development Finance Corporation. You have taken your private sector success as an investor and entrepreneur and made a significant, lasting impact at @CMSGov and @CMSinnovates.— Administrator Seema Verma (@SeemaCMS) July 10, 2019
You will do phenomenally at DFC. We wish you a smooth & successful confirmation process!— Administrator Seema Verma (@SeemaCMS) July 10, 2019