University of Illinois at Chicago
Announcement of a Sole Source Purchase
Vendor: AcuStream Inc., Lafayette, CO
Amount: An estimated $500,000
An estimated start date of 7/1/2016 through 6/30/2019, 36 months
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 Tuesday, May 24, 2016
The University awarded a contract for RevBuilder services by AcuStream to AcuStream Inc., Lafayette, CO, for an estimated $500,000.
his purchase is for continuation of AcuStream, LLC's (AcuStream) RevBuilders, a US patent pending web based service that automates the identification, verification and billing of reimbursable missed charges from historical charge data. RevBuilder uses a patent pending rules-based and predictive analytical engine with algorithms to identify missed and unbilled charges found in existing patient charge data.
Only AcuStream offers this service on a success based model meaning there is no capital expenditure and any payments are solely based on UIC recovering payments making AcuStream's service a cash flow positive exercise. AcuStream also provides auditing services and have already established the required monthly database upgrade to enable the service. Acustream does provide a very unique nitche service that to date does not have any direct competitors.
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 - Aaron M. Finder
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.
June 8, 2016
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.
June 3, 2016
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.