University of Illinois at Chicago
Announcement of a Sole Source Purchase
Vendor: Revint Solutions, Oakbrook Terrace, IL
Amount: An estimated $350,000
An estimated start date of 8/30/2019 through 6/30/2022, 34 months
Potential Future Renewals:
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.
The Chief Procurement Officer for this procurement is now Ben Bagby.
The State Purchasing Officer for this procurement is now Catherine Bradbury.
First published Tuesday, August 6, 2019
The University awarded a contract for support services for revenue recovery system to Revint Solutions, Oakbrook Terrace, IL, for an estimated $350,000.
This purchase is for continuation of a web-based service that automates the identification,verification and billing of reimbursable missed charges found in the existing patient charge data. The service uses a patent pending rules-based and predictive analytical engine with algorithms to identify missed and unbilled charges found in existing patient charge data. The system does this by checking the data against thousands of pending billing code combinations to find billable physician and hospital services that may have been missed. Once identified, missed charges are automatically routed to the relevant department for verification and billing. The service mitigates the financial exposure of lost charge opportunity and monitors charge data assuring that all reimbursable charges are posted. The vendor is compensated only if their predictive analytical engine, finds a missing charge and if UIC gets paid on that charge.
The University has determined that this purchase is only economically available from this source because the compatibility of equipment, accessories, replacement parts, or service is a paramount consideration.
For additional information, contact:
Chief Procurement Officer - Ben Bagby
State Purchasing Officer - Catherine Bradbury
We will hold a public hearing at the date, time and location specified below, if we
receive a request to testify regarding the sole source determination. We will also
hold a hearing if any vendor submits a signed statement showing the capability to
provide the stated supplies/services at or below the amount indicated.
The public hearing allows any interested party the opportunity to testify for or against
the sole source determination as described in this notice. The purpose of the hearing
is to receive information from the public in a reasonable manner. Formal rules of evidence
will not apply. The hearing officer will produce minutes of the hearing and may record
it in order to aid in the production of the minutes. After conclusion of the hearing we
will decide whether the sole source determination was appropriate.
We must receive any request to testify and any vendor statement no later than the
registration date and time indicated below. If we do not receive a timely request or statement, we will not hold
the hearing. We reserve the right to cancel the procurement prior to any scheduled hearing.
Please confirm the status of the hearing with the Hearing Contact.
August 21, 2019
401 S. Spring Street
Date, time, and location are
subject to change and/or cancellation. It is the responsibility of potential
participants to confirm these details prior to attendance.
August 16, 2019
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.