Title
Joint resolution authorizing a professional services contract with Transitional Care Management (TCM), Rosemont, Illinois, for collection and management of past accounts receivables and annual cost reporting for Medicare and Medicaid for Winchester House in an amount not to exceed $365,000.
Staff Summary
* As part of the Request for Proposal for the lease and replacement of Winchester House, it is necessary to enter into a secondary professional services agreement for the collection and management of past accounts receivables for Winchester House.
* As part of its Best and Final Offer, TCM, Rosemont, Illinois, provided a 5 percent fee for tier one of the collection and management of past accounts receivables and a 35 percent fee for those identified as tier two.
* In addition, TCM has established a set annual fee of $15,000 for the creation and filing of the annual cost reporting required for Medicare and Medicaid for Winchester House and a fee of $125 per hour for any audit services required during the term of the agreement.
* The initial term of the agreement shall be for one year with the option for an additional four, one year renewals.
* It is estimated that the cost of the agreement would not exceed $365,000 and would be finalized once the operations transfer has been completed and a final accounts receivable aging report is submitted to the County by the outgoing management company.
* It is recommended that the Purchasing Agent be hereby authorized and directed to execute the professional services agreement with TCM, Rosemont, Illinois, upon the completion of the operations transfer and receipt of the final accounts receivable aging report.
* The Winchester House Advisory Board unanimously recommended approval of the professional service contract at its April 20, 2015 meeting.
Body
WHEREAS, in accordance with Section 5-102 of the Lake County Purchasing
Ordinance, Request for Proposals were called for by publication for the Lease a...
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