Item Description:
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Amd 6 to Agmt PR00001249 with Cirdan Health Systems, Inc., for actuarial and consulting services to Hennepin Health, ext end date to 08/31/24, incr NTE by $683,000
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Resolution:
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BE IT RESOLVED, that Amendment 6 to Agreement PR00001249 with Cirdan Health Systems, Inc. to provide Hennepin Health with actuarial and consulting services, extending the end date to August 31, 2026 and increasing the not to exceed amount by $683,000 for a new total not to exceed amount of $3,383,000, be approved; that the Chair of the Board be authorized to sign the Amendment on behalf of the County; and that the Controller be authorized to dispense funds as directed.
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Background:
Cirdan Health Systems Inc. has provided actuarial and consulting services to Hennepin Health (formerly known as MHP) since 2001. An Actuarial Services RFQ was conducted in 2017 and Cirdan Health Systems Inc. was selected.
This contract provides actuarial, consulting, and financial analysis support in the following capacities:
Professional and Actuarial Support Services:
* Prepare and assist in the development of quarterly reserves for the months ending September 2023, December 2023, March 2024, and June 2024
* Prepare the annual actuarial opinion of actuarial assets and liabilities, related actuarial memorandum, and actuarial report
* Support MN DHS data submissions and help reconcile transactional data to audited financials where appropriate. Provide miscellaneous/other adjustment data and review final report.
* Provide assistance as necessary to support DHS contract rate negotiations. This includes:
o Attending meetings
o Analyzing benefit changes initiated by the legislature or DHS
o Assisting in the development of the negotiation strategy
o Review and rebuttal DHS actuarial rate memorandums
o Performing ad hoc analyses in support of HH negotiation positions
* Develop and maintain a process to create, reconcile, and submit HH's encounter data; including acti...
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