Analyze and develop alternative methods for measuring practice expenses, and related inputs for implementation of updates to payment under the physician fee schedule (PFS)
Active Awarded Last action
- Contract number
- 75FCMC23F0092
- Awardee
-
The Rand Corporation UEI YY46Q97AEZA8
- Awarding agency
-
Centers for Medicare and Medicaid Services
Department of Health and Human Services
- Obligated
- $6,592,665
Award facts
- Contract value 79% obligated
-
- $6,592,665.00 Current, with exercised options
- $8,321,322.00 Potential, with all options
- Completion date 62% complete
-
- Current, with exercised options
- Potential, with all options
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 3 offers Multiple Award, Fair Opportunity
- Pricing
- Time and Materials
- Place of performance
- Santa Monica, CA 90401, 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 |
|---|---|---|
| Exercise an Option | $1,721,218 | |
| Exercise an Option | $1,713,996 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $407,610 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $2,749,841 |
About this award
The Centers for Medicare and Medicaid Services issued a delivery order to The Rand Corporation on September 15, 2023, with a ceiling value of $8.321 million under the GSA Multiple Award Schedule, to analyze and develop alternative methods for measuring practice expenses and support implementation of updates to the Physician Fee Schedule payment model.
Place of performance is Santa Monica, CA. Ultimate completion date is September 14, 2028. The order carries time-and-materials pricing.
Actuarial Research Corporation serves as a named subcontractor providing actuarial analysis and healthcare financial modeling support.
Service Contract Inventory reporting reflects actual government-invoiced labor: FY2023 ($8 thousand, 45 contractor hours, 0.0 FTEs), FY2024 ($1.2 million, 4,465 contractor hours, 2.2 FTEs, blended rate $269.50/hr), and FY2025 ($1.7 million, 5,674 contractor hours, 2.7 FTEs, blended rate $293.76/hr). FY2025 included 8% of contractor hours subcontracted. Derived hourly rates trended upward across the three reported fiscal years.
Subawards
| Subcontractor | Amount | Awarded |
|---|---|---|
| Actuarial Research Corporation | $408,432 |
Quick answers
Who was awarded contract 75FCMC23F0092?
75FCMC23F0092 was awarded to The Rand Corporation by Centers for Medicare and Medicaid Services (Department of Health and Human Services) on September 15, 2023.
How much is contract 75FCMC23F0092 worth?
The government has obligated $6,592,665 on 75FCMC23F0092. Its potential value, with all options, is $8,321,322.
Is contract 75FCMC23F0092 an order under another contract?
Yes. 75FCMC23F0092 is a delivery order under GS10F0275P, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract 75FCMC23F0092 competed?
The extent of competition for 75FCMC23F0092 was full and open competition. The government received 3 offers.
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