Comprehensive services
The Medicare Advantage Bid process includes collecting and evaluating plan data, including identification of data collection problems and Developing base year expenses and trends and reconciling expenses to reported financial statements.
Value
- Project contract year expenses and revenues using Reden & Anders models and tools based on historical Medicare Advantage plan experience. Projections reflect consideration of changes relating to benefit plan design, provider reimbursement, changes in demographic and risk profile of the covered population, and utilization trend, risk, and trend.
- Interactive consultative process to program sensitivity analysis and evaluate effect on financial results.
- Providing final bid worksheets and development of documentation meeting CMS guideline expectations.
Develop contract year expense and revenue
We will help you develop your contract year expense and revenue via Reden & Anders models and tools, using the base year Medicare Advantage experience for benefit design and provider contracting decisions.
Prepare accurate documentation
Finally, we assist in d rafting bid worksheets for your review and provide final bid worksheets and development documentation.
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