What the buyer needs
AI summaryThe Centers for Medicare & Medicaid Services seeks a contractor to deliver financial services supporting the Accountable Care Organization Medicare Shared Savings Program. The contractor must establish and manage an approved, non-interest-bearing bank account at a designated CMS Medicare bank, validate payee banking information against CMS-588 forms, execute pre-payment validations and pre-note testing, and disburse electronic funds transfer payments within 48 hours of receiving Treasury deposits. Additional duties include applying Federal Payment Levy Program withholdings, issuing IRS 1099-MISC forms, submitting batch detail reports, collecting overpayments caused by administrative errors, and referring delinquent debts to the U.S. Department of the Treasury. Eligibility is restricted to onshore USA organizations performing work offsite. Vendors may submit responses digitally by email or online.
Scope of work
- Establish and manage a CMS approved bank account for the MSSP
- Receive and verify ACO MSSP ACOs banking information
- Coordinate with COR to develop the timeline and format for the Payment Information File
- Conduct pre-payment file validation and pre-note testing
- Apply Federal Payment Levy Program withholding to payment amounts
- Prepare Electronic Funds Transfer payment file and disburse payments
- Perform overpayment recovery and uncollected delinquent debt referral
- Issue IRS 1099-MISC forms to each payee annually
Minimum qualifications
- Ability to open and maintain a CMS approved bank account in a designated CMS Medicare bank
- Capable of accepting ACH/wire transfer payments and paper check payments deposited to a CMS lockbox
- Ability to establish a connection to the U.S. Treasury Offset Program database
Documents to include with your response
- Section 508 Product Assessment Template