University of Illinois at Chicago
Announcement of a Sole Source Purchase
Vendor: The Advisory Board Inc.
Change Order Amount: $0
An assignment occurred on 12/23/2016 between The Advisory Board Company to MedeAnalytics, Inc. The initial term remains the same.
The buyer for this procurement is now Janielle Graham, (312) 413-2816.
The State Purchasing Officer for this procurement is now Ashley Stewart.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal entered into with:Vendor: The Advisory Board Inc.
Amount: An estimated $978,840
Renewal: 1st of 1, 7/1/2017 through 6/30/2019
Pricing Changes:
The price annual increase of 5% for the two year extended term can be avoided if the contract amendment to extend the term until June 30, 2019 is executed by November 30, 2016. Thereafter a fixed price will be extended until June 30, 2019.
Service/Product Changes:
None
Sole Source Status:
Yes, the sole source remains a sole source.
Potential Future Renewals:
None
Comments: The Advisory Board provides the viable Hospital software needed to accomplish hospital billing and the related regulatory requirements.
The State Purchasing Officer for this procurement is now Aaron M. Finder.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Vendor: The Advisory Board Inc., Washington, DC
Amount: An estimated $1,468,260
Terms:
An estimated start date of 7/1/2014 through 6/30/2017, 36 months
Renewals:
2 twelve-month
Potential Future Renewals:
$978,840
The University award process may be delayed up to thirty days as this award goes through a state approval process.
The hearing has been cancelled since no vendors registered to attend or submitted comments regarding this notice.
First published Thursday, January 23, 2014
The University awarded a contract for Advisory Board healthcare software to The Advisory Board Inc., Washington, DC, for an estimated $1,468,260.
The Advisory Board Company has developed a unique program called the Revenue Cycle Compass (RCC). The University of Illinois Health Center was one of its cohort sponsors. This resulted in the development of a number of unique products specifically tailored to UI Health Center and its operational structure. Today, these products are utilized to track daily performance of the entire revenue cycle. The unique structure and robust capabilities of these products result in significant annual savings. It is estimated that healthcare system saves approximately $ 500,000 dollars in FTE costs every year by having direct and timely access to financial information for users across the healthcare system 24/7. The Department of Finance uses compass tools to protect over 125 million dollars in revenue annually.
The University has determined that this purchase is only economically available from this source because the procurement is software license, upgrade or maintenance.
For additional information, contact:
State Purchasing Officer - Shirley Webb
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.
