Actuarial Research Corporation has been awarded an indefinite delivery contract under the Small Business Expedited Research and Demonstration (SBRAD) program by the Centers for Medicare and Medicaid Services (CMS). The SBRAD is a multiple award contract vehicle with a potential value of $2 million that enables CMS to issue delivery orders for actuarial research, design, and analytical services.
Actuarial Research Corporation has received three delivery orders to date. The largest is for $17.4 million to provide actuarial research and design services from 2020-2025 in support of CMS efforts to analyze and improve Medicare and Medicaid programs. A $1.7 million order involves work on the Geographic Practice Cost Indices for the Medicare Physician Fee Schedule update through 2023. Another $7.3 million order from 2015-2020 procured actuarial support. All delivery orders utilize cost-plus-fixed-fee pricing and involve work in Maryland and Virginia.
The contract and delivery orders aim to leverage the prime contractor's actuarial and subject matter expertise to inform CMS's administration of healthcare programs. This includes analytical activities like evaluating reimbursement rates and geographic cost indices. The use of the SBRAD IDIQ and associated delivery orders provides CMS a flexible contracting mechanism to address specialized analytical needs.
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