The purpose of this contract is to provide payment services for CMS in the following two arenas: 1) to disburse medicare payments authorized by the macs, and 2) to disburse payment for CMS…
Ended Definitive Contract Awarded Last action
- Contract number
- 75FCMC25C0001
- Awardee
-
U.s. Bancorp UEI JTNLSVRJGFM3
- Awarding agency
-
Centers for Medicare and Medicaid Services
Department of Health and Human Services
- Obligated
- $1,360,678
Award facts
- Contract value 100% obligated
- $1,360,678.12 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 522110 Commercial Banking
- PSC
- R711 Support- Management: Banking
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Windsor Mill, Milford Mill, MD 21244, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $680,339 | |
| Original award | $680,339 |
About this award
The Centers for Medicare and Medicaid Services (CMS) awarded a definitive firm fixed-price contract to U.S. Bancorp (doing business as US Bank NA) on January 1, 2025, with a ceiling value of $1.36 million and an ultimate completion date of June 30, 2026. The contract serves two primary functions: disbursing Medicare payments authorized by Medicare Administrative Contractors (MACs) and processing payments for CMS demonstration projects. The place of performance is located in Windsor Mill and Milford Mill, Maryland. No set-aside designation was used in this competitive award, reflecting U.S. Bancorp's standing as a large commercial banking entity capable of meeting complex federal financial requirements.
U.S. Bancorp, a major financial services corporation headquartered in Minneapolis, Minnesota, brings extensive experience in federal payment processing and banking services across multiple agencies. The company specializes in electronic funds transfer, payment processing systems, and specialized financial solutions tailored to government operations. This contract leverages U.S. Bancorp's established capabilities in supporting CMS's critical payment infrastructure, which is essential to Medicare's operational continuity and the successful execution of CMS demonstration and model projects designed to test innovative healthcare delivery and payment approaches.
Description
The purpose of this contract is to provide payment services for CMS in the following two arenas: 1) to disburse medicare payments authorized by the macs, and 2) to disburse payment for CMS demonstration projects.
Quick answers
Who was awarded contract 75FCMC25C0001?
75FCMC25C0001 was awarded to U.s. Bancorp by Centers for Medicare and Medicaid Services (Department of Health and Human Services) on January 1, 2025.
How much is contract 75FCMC25C0001 worth?
The government has obligated $1,360,678 on 75FCMC25C0001.
Was contract 75FCMC25C0001 competed?
The extent of competition for 75FCMC25C0001 was not competed. The government received 1 offer.
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