HMMS03937 - Shared Benefits Consultant Services - Project: tender_16279 - HMMS03937 - Shared Benefits Consultant Services

HMMS on behalf of all 16 hospitals within Southwest LHIN is looking to establish a partnership with a preferred Proponent(s) for the supply of Shared Benefits Consultant Services, for 100% of the requirements. The outcome of this award will result in 16 independent contracts. Each hospital will finalize their own contract with the successful Proponent.

It is expected that the shared benefits consultant will offer the following services ongoing;

Deliverables
The successful Proponent will deliver the services outlined below.

Core Services provided to each participating Hospital:
Annual Client Planning Meeting to define objectives and service delivery timelines and meeting schedule
Analyze, negotiate and evaluate submissions for renewal rates and expenses in conjunction with the annual renewal process by participating hospitals
Review and audit of financial accounting
Quarterly review of claims experiences and developing trends reports delivered electronically
Assist with managing program costs, cost containment strategies, and cost reduction measures
Track and evaluate benefit providers in terms of agreed-upon performance measures and guarantees
Budget Projections to align each participating hospital budget cycle
Conduct any required RFP for a benefits provider
Upon successful completion of an RFP conducted by the shared benefit consultant, provide a sensitivity analysis to each participating hospital detailing the effects of adopting the new proposal
Implementation support for any RFP conducted by the shared benefit consultant