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Arkansas Office of State Procurement·Arkansas

DHS Medicaid and Agency Financial Reporting

Closes 3/18/2026$500k – $2MInvitation for Bid
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Description

The State of Arkansas, Department of Human Services, is seeking a contractor to assist with the preparation, training, and quarterly review of Centers for Medicare & Medicaid Services reports, including CMS-64, CMS-37, CMS-21, and CMS-21B. The contractor will also provide ad hoc fiscal services, including staff training and support, and ensure accurate and timely submission of the reports. The contract will be for an initial term of three years, with the option to renew for up to four additional years. The contractor must have experience with financial reporting, staff training, and state and federal funding sources. • The contractor must have a combined total of 20 years' experience with the preparation of CMS-64, CMS-37, CMS-21, and CMS-21B quarterly reports. • The contractor must have a combined total of 20 years' experience with providing state and federal governmental agencies with ad hoc fiscal services. • The contractor must have at least one person on their team who is a Certified Public Accounting License (CPA). • The contractor must provide quarterly external quality review of prepared workpapers for CMS-64, CMS-37, CMS-21, and CMS-21B submissions. • The contractor must ensure accurate and timely submission of the CMS-64, CMS-37, CMS-21, and CMS-21B reports to CMS.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kimberly D. Simmons(Procurement Specialist)

[email protected]

(501) 371-6079

Key dates

Opened
2/20/2026
Questions due
2/27/2026
Closes
3/18/2026
Duration
3 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
523930
Solicitation №
S000000465

Budget estimate

$500,000 – $2,000,000

Based on the scope of work, the budget for this project could range from $500,000 to $2,000,000 per year, depending on the level of services required and the complexity of the financial reporting. The contractor will be responsible for providing a range of services, including financial reporting, staff training, and ad hoc fiscal services, which could impact the overall budget. Additionally, the contract has the option to renew for up to four additional years, which could also affect the total budget.

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