University Health System Awards Technology Contract to Cotiviti Inc (October 2024)
University Health SystemPublic Hospital · San Antonio, TX- Disclosed value
- $300,000 one-time implementation fee plus 29% of actual annual savings (estimated fees $4,060,000 Year 1; $3,451,000 Year 2; $3,105,900 Year 3; total estimated fees $10,616,900)
- From minutes
- Approved
- Oct 29, 2024
- Term
- Three-year period
- Renews
- Free account
The 30-second brief
The Board approved a three-year contract between Community First Health Plans, Inc. and Cotiviti, Inc. to provide integrated payment integrity solutions including payment policy management, coding validation, and clinical chart validation. The shared savings agreement, with a 29% fee on actual savings and a $300,000 implementation charge, is projected to generate $36.61 million in savings and improve claims accuracy and fraud detection.
Cotiviti Inc holds this technology contract with University Health System. Its other public contracts on record include work for Hennepin County and City of Horn Lake.
The renewal date is on record. A free account shows it, with the renewals for every University Health System contract.
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Contract details
- Contract type
- Technology
- Amount
- $300,000 one-time implementation fee plus 29% of actual annual savings (estimated fees $4,060,000 Year 1; $3,451,000 Year 2; $3,105,900 Year 3; total estimated fees $10,616,900)
- Document date
- October 29, 2024
- Term
- Three-year period
- Renews
- Free account
- Vendor
- Cotiviti Inc
- Agency
- University Health System
- Source document
- university-health-system-board-meeting-minutes-october-29-2024_e4b.pdf (Minutes)
Cotiviti Inc's other public contracts
More University Health System contracts
Questions about this contract
Who was awarded the technology contract by University Health System?
Cotiviti Inc was awarded this technology contract by University Health System, as recorded on October 29, 2024. The contract value is $300,000 one-time implementation fee plus 29% of actual annual savings (estimated fees $4,060,000 Year 1; $3,451,000 Year 2; $3,105,900 Year 3; total estimated fees $10,616,900).
How much is the Cotiviti Inc contract with University Health System worth?
The Cotiviti Inc contract with University Health System is valued at $300,000 one-time implementation fee plus 29% of actual annual savings (estimated fees $4,060,000 Year 1; $3,451,000 Year 2; $3,105,900 Year 3; total estimated fees $10,616,900), covering technology work.
What type of contract is this?
This is a Technology contract, documented as a minutes record.
Where was this contract approved?
This contract appears in university-health-system-board-meeting-minutes-october-29-2024_e4b.pdf (Minutes), dated October 29, 2024 from University Health System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cotiviti Inc hold?
Cotiviti Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is University Health System currently buying?
Explore University Health System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.