1. Short title This Act may be cited as the Innovative Maternal Payment and Coverage To Save Moms Act or the IMPACT to Save Moms Act . 2. Perinatal Care Alternative Payment Model Demonstration Project (a) In general For the period of fiscal years 2024 through 2028, the Secretary of Health and Human Services (referred to in this section as the Secretary ), acting through the Administrator of the Centers for Medicare & Medicaid Services, shall establish and implement, in accordance with the requirements of this section, a demonstration project, to be known as the Perinatal Care Alternative Payment Model Demonstration Project (referred to in this section as the Demonstration Project ), for purposes of allowing States to test payment models under their State plans under title XIX of the Social Security Act ( 42 U.S.C. 1396 et seq. ) and State child health plans under title XXI of such Act ( 42 U.S.C. 1397aa et seq. ) with respect to maternity care provided to pregnant and postpartum individuals enrolled in such State plans and State child health plans. (b) Coordination In establishing the Demonstration Project, the Secretary shall coordinate with stakeholders such as— (1) State Medicaid programs; (2) maternity care providers and organizations representing maternity care providers; (3) relevant organizations representing patients, with a particular focus on patients from demographic groups with elevated rates of maternal mortality, severe maternal morbidity, maternal health disparities, or other adverse perinatal or childbirth outcomes; (4) relevant community-based organizations, particularly organizations that seek to improve maternal health outcomes for individuals from demographic groups with elevated rates of maternal mortality, severe maternal morbidity, maternal health disparities, or other adverse perinatal or childbirth outcomes; (5) perinatal health workers; (6) relevant health insurance issuers