Treasury's $25M VISTA/NCCC Healthcare Contract Awarded to International Medical Group Inc
Contract Overview
Contract Amount: $25,038,901 ($25.0M)
Contractor: International Medical Group Inc
Awarding Agency: Department of the Treasury
Start Date: 2020-03-27
End Date: 2024-09-29
Contract Duration: 1,647 days
Daily Burn Rate: $15.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Healthcare
Official Description: VISTA AND NCCC HEALTH CARE ADMINISTRATION SERVICES. SEE ATTACHED STATEMENT OF WORK.
Place of Performance
Location: INDIANAPOLIS, MARION County, INDIANA, 46208
State: Indiana Government Spending
Plain-Language Summary
Department of the Treasury obligated $25.0 million to INTERNATIONAL MEDICAL GROUP INC for work described as: VISTA AND NCCC HEALTH CARE ADMINISTRATION SERVICES. SEE ATTACHED STATEMENT OF WORK. Key points: 1. Contract value of $25.04M over its period of performance. 2. International Medical Group Inc. secured this contract. 3. The contract falls under the 'Insurance Agencies and Brokerages' NAICS code. 4. Awarded via full and open competition, suggesting a competitive bidding process.
Value Assessment
Rating: good
The contract value of $25.04M appears reasonable for healthcare administration services. Benchmarking against similar contracts would provide a more definitive assessment of pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The competitive nature of the award suggests that taxpayer funds are being utilized efficiently through a market-driven pricing approach.
Public Impact
Ensures continuity of essential healthcare administration services for VISTA and NCCC programs. Supports the operational needs of the Bureau of the Fiscal Service. The contract's duration of over 4 years provides stability for service delivery.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in the provided data.
- Potential for cost overruns if scope changes significantly.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract type helps control costs.
- Long-term duration provides service stability.
Sector Analysis
This contract falls within the healthcare services sector, specifically focusing on insurance and brokerage aspects. Spending in this area is critical for government program administration and beneficiary support.
Small Business Impact
The data indicates this contract was not awarded to small businesses, as 'sb' is false. Further analysis would be needed to determine if small business participation was sought or subcontracted.
Oversight & Accountability
The contract is managed by the Department of the Treasury, Bureau of the Fiscal Service. Oversight would involve monitoring performance against the Statement of Work and ensuring compliance with contract terms.
Related Government Programs
- Insurance Agencies and Brokerages
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Contract duration is substantial (over 4 years).
- No indication of small business participation.
- Specific performance metrics not detailed in the provided data.
- Potential for scope creep in healthcare administration services.
Tags
insurance-agencies-and-brokerages, department-of-the-treasury, in, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $25.0 million to INTERNATIONAL MEDICAL GROUP INC. VISTA AND NCCC HEALTH CARE ADMINISTRATION SERVICES. SEE ATTACHED STATEMENT OF WORK.
Who is the contractor on this award?
The obligated recipient is INTERNATIONAL MEDICAL GROUP INC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).
What is the total obligated amount?
The obligated amount is $25.0 million.
What is the period of performance?
Start: 2020-03-27. End: 2024-09-29.
What specific healthcare administration services are covered under this contract, and how do they align with VISTA and NCCC program needs?
The Statement of Work (SOW) would detail the specific services, likely including claims processing, eligibility verification, provider network management, and patient support for VISTA and NCCC beneficiaries. Alignment with program needs ensures that the services directly contribute to the effective operation and delivery of benefits within these programs.
What are the key performance indicators (KPIs) for this contract, and how is International Medical Group Inc. being evaluated?
Key performance indicators would typically include metrics such as claims processing timeliness, accuracy rates, beneficiary satisfaction scores, and adherence to regulatory compliance. The Bureau of the Fiscal Service would monitor these KPIs to ensure International Medical Group Inc. is meeting its contractual obligations and delivering high-quality services.
Are there any identified risks or challenges associated with International Medical Group Inc.'s performance or the contract's execution?
Potential risks could include vendor performance issues, changes in healthcare regulations impacting service delivery, or unforeseen increases in service demand. Proactive risk management by the contracting agency would involve regular performance reviews, contingency planning, and clear communication channels with the contractor.
Industry Classification
NAICS: Finance and Insurance › Agencies, Brokerages, and Other Insurance Related Activities › Insurance Agencies and Brokerages
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 95332A20R0002
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Sirius International Insurance Group Ltd
Address: 2960 N MERIDIAN ST, INDIANAPOLIS, IN, 46208
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $52,030,643
Exercised Options: $25,323,420
Current Obligation: $25,038,901
Actual Outlays: $21,794,521
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: YES
Timeline
Start Date: 2020-03-27
Current End Date: 2024-09-29
Potential End Date: 2024-09-29 00:00:00
Last Modified: 2025-09-25
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