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Awarded contract·Utah Valley University·Utah

Medical and Dental Plan Administrative Services

Won by Regence +1 more$12.5MMultiple Award
Contract source

Awarded vendors

  • Regence
  • EMI Health

Description

The contract is for Medical and Dental Plan Administrative Services for Utah Valley University. The university evaluated proposals from various vendors and awarded the contract to Regence for Medical Plan Administrative Services and EMI Health for Dental Plan Administrative Services. The contract is expected to provide substantial benefits to the university, including aggressive discounts, vast network access, and excellent customer service. The key aspects of the contract include the provision of medical and dental plan administrative services, claims repricing, and plan member services. The contract is subject to the terms and conditions outlined in the RFP and the State of Utah Procurement Code. • The contract is for a single award. • The contract is for Medical and Dental Plan Administrative Services. • The contract was awarded to Regence and EMI Health. • The contract is subject to the State of Utah Procurement Code. • The contract includes provisions for claims repricing and plan member services. • The contract is expected to provide substantial benefits to the university.

Attached files

Key dates

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
5241
Solicitation №
RFP-2019-0621

Contract value

$12,500,000

The contract value can be estimated based on the cost benefit analysis provided in the text. According to the analysis, Regence's proposed cost for Medical Plan Administrative Services would provide an estimated $2.425 million more in discounts over the lowest cost solution. Additionally, EMI Health's proposed cost for Dental Plan Administrative Services does not require a cost benefit analysis, suggesting that their cost is competitive. Assuming an average annual cost of $5 million for both medical and dental plan administrative services, the total contract value can be estimated to be around $10 million to $15 million over a 2-3 year period.

AI estimate from the award documents

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