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Kentucky Cabinet for Health and Family Services (CHFS)·Kentucky

Financial Mgmt. for PDS in 1915(c)HCBS Waiver Programs C5684

Closes 8/6/2026$5M – $15MRequest for Proposal
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Description

The Commonwealth of Kentucky is seeking a vendor to provide Financial Management Services (FMS) for the Participant-Directed Service (PDS) model of five 1915(c) Medicaid waiver programs. The selected vendor will be responsible for providing FMS to approximately 15,640 individuals across Kentucky. The scope of work includes administrative coordination and compliance, financial management activities, training, support, and quality assurance, and vendor transition planning. The vendor will be required to demonstrate the capacity to serve PDS participants and future PDS participants across Kentucky, provide clearly defined and comprehensive FMS, and establish strong relationships with all parties involved. Some key responsibilities of the vendor include: • Processing and maintaining time records and background checks for PDS employees • Issuing paychecks to PDS employees • Providing information and assistance services to participants • Assisting participants with tax forms and reports • Creating and delivering service usage reports for participants and case managers • Developing and maintaining a comprehensive policies and procedures manual • Providing training and technical assistance to case managers and participants The vendor will be expected to work closely with the Department for Medicaid Services (DMS) and other stakeholders to ensure a smooth transition and effective implementation of FMS.

Attached files

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

Contact

Arta Halili(Buyer)

[email protected]

(502) 564-3498

Key dates

Opened
4/29/2026
Closes
8/6/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Healthcare and Medical Services
NAICS
541611
Solicitation №
RFP-746-2500000254-2

Budget estimate

$5,000,000 – $15,000,000

The budget for this opportunity is estimated to be between $5 million and $15 million per year, based on the scope of work and the number of participants served. The vendor will be responsible for providing financial management services to approximately 15,640 individuals across Kentucky, and the cost of these services will depend on the complexity of the services required and the efficiency of the vendor's operations. The estimated budget range is based on industry benchmarks for financial management services and the expected costs of providing these services to a large number of participants.

AI estimate from the solicitation

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