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HEALTHCARE CONSULTANT


Location
Rhode Island
Publication Date
10/17/2019 04:08 PM EDT
Closing Date
11/12/2019 02:15 PM EST
Issuing Organization
City of Providence
Solicitation Number
Description

Specifications include, but are not limited to: The City requires health insurance actuarial and consulting services including health insurance program strategy, design and integration, funding, compliance, and financial analysis. Responsibilities of the selected bidder include: • Analyze City health care data to discern the impact of utilization, price, trends, and demographics on the cost of programs, providing summary impact reports to the City of Providence’s Department of Human Resources. • Assist the City in its procurement process for insurance vendors, evaluating the network and financial components of proposals received, negotiations, and determining the most advantageous funding arrangement for the City of Providence. • Negotiate competitive financial contracts with all of our carriersresulting in significant savingsto the City of Providence. • Guide and assist the City of Providence with the implementation of complex projects and initiatives that span multiple fiscal years. • Assist in the administration of benefit initiatives, with a focus on streamlining the City’s benefit offerings. • Provide ongoing support to the City of Providence, through its Human Resources Department on h e a l t h i n s u r a n c e r e g u l a t i o n , i n c l u d i n g advising and implementing changes under health care law, such as the Affordable Care Act, including multiple reviews of plan designs and advise on regulatory and legal compliance. • Provide detailed plan design and savings analysis and information for collective bargaining contract negotiations as needed. • Provide the City actuarial projectionsfor the its health insurance program costs against the City’s operating budget for purposes ofreview and analysis. • Advise the City of Providence on significant healthcare marketplace trends proactively. • Recommend plan design provisions, contribution strategies, and health and welfare initiatives to achieve the City of Providence's targeted savings.

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