The vendor is required to provide to procure an asset verification system (AVS) software solution, along with support and maintenance, to provide asset verification services that promotes eligibility integrity and reduction of fraud, waste and abuse through the identification and verification of financial assets of the aged, blind and disabled (ABD) population applying for or receiving Medicaid.
a. Implantation of asset verification system
• The department requires a contractor who has the experience, knowledge, and resources to provide an AVS solution that identifies and verifies the financial assets of ABD Medicaid applicants and beneficiaries and supports the services defined herein.
b. Establish and manage a network of financial institutions
• The department requires a contractor who has the experience, knowledge, and resources to establish and manage a network of financial institutions (FI’S) that are the source of asset information.
• The contractor will develop and implement a plan to expand the FI network for FI’S not identified in the contractor's state FI network.
3. Tracking and reporting
• The department requires an AVS solution that is capable of providing accurate asset verification information to the department in a timely manner as defined herein.
• The AVS solution shall provide reporting and analytical functionality to the department to ensure a complete and accurate disclosure of the current and historical financial assets of ABD Medicaid applicants and beneficiaries.
- Contract Period/Term: 1 year
- Pre-Proposal Conference Date: April 24, 2025
- Questions/Inquires Deadline: May 02, 2025