FINANCIAL_SERVICESAPPROVED

NYC-NYC Health + Hospitals Awards Financial Services Contract to New York City Health & Hospitals Corporation (November 2019)

HHC Insurance Company, Inc. approved an intercompany loan to its parent, New York City Health and Hospitals Corporation, of up to $3,000,000 in 2019 premium receivable, bringing the proposed loan balance to $91,125,173. The arrangement operates under a State-approved loan-back limit of $103,000,000.

Document date · November 7, 2019

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $3,000,000 premium receivable loan back; cumulative proposed loan balance $91,125,173
Contract type
FINANCIAL_SERVICES
Contract term
2019 underwriting year; intercompany loan facility approved up to $103,000,000
Renewal date
2019-12-31
Renewal
Loan-back facility to the parent was approved by the State up to $103,000,000; the Board periodically approves increases tied to annual underwriting-year premiums, including the 2019 increase.
Document type
AgendaPacket
Source document
NYC Health + Hospitals AgendaPacket Annual Meeting of the Directors 2019-11-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-NYC Health + Hospitals?

New York City Health & Hospitals Corporation was awarded this financial services contract by NYC-NYC Health + Hospitals, as recorded on November 7, 2019. The contract value is Up to $3,000,000 premium receivable loan back; cumulative proposed loan balance $91,125,173.

How much is the New York City Health & Hospitals Corporation contract with NYC-NYC Health + Hospitals worth?

The New York City Health & Hospitals Corporation contract with NYC-NYC Health + Hospitals is valued at Up to $3,000,000 premium receivable loan back; cumulative proposed loan balance $91,125,173, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in NYC Health + Hospitals AgendaPacket Annual Meeting of the Directors 2019-11-07 (AgendaPacket), dated November 7, 2019 from NYC-NYC Health + Hospitals. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New York City Health & Hospitals Corporation hold?

New York City Health & Hospitals Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New York City Health & Hospitals Corporation's profile

What is NYC-NYC Health + Hospitals currently buying?

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