PALCO, a monetary administration providers (FMS) supplier based mostly in Little Rock, Arkansas, has introduced its entry into the bidding course of to grow to be the unique administrator of New York's Shopper Directed Private Help Program (CDPAP).

The corporate, together with Public Partnerships LLC of Alpharetta, Georgia, is likely one of the organizations publicly figuring out itself as a participant within the course of.

Since 1999, PALCO has supplied coordinated monetary administration providers to seniors, individuals with disabilities, veterans, foster youngsters and others. The group works with authorities companies, nonprofit and managed care organizations, and the personal sector.

It was the primary FMS within the nation to check the self-management mannequin greater than 20 years in the past, stated CEO Alicia Paladino. PALCO helps shoppers rent and pay for his or her selection of assist employees and providers inside a state-approved personalised spending funds.

“PALCO has expanded its providers to bigger states over the previous few years,” Paladino advised House Well being Care Information. “In some instances, we've helped rebuild applications that have been failing. We look ahead to serving to New York revamp its current Medicaid program by transitioning to a single supplier.”

As beforehand reported, an organization that turns into the unique supervisor of the CDPAP in New York may win a contract price billions of {dollars} in income over the subsequent 5 years.

To qualify, a competing firm will need to have been in enterprise earlier than 2012 and be a statewide provider, serving your entire inhabitants in not less than one state, along with New York. Proposals should be submitted in writing and embrace a bid, firm background, details about how the corporate plans to work with the state, and any questions.

The bidding course of is continuing on an aggressive schedule. The laws went into impact in April 2024, and a request for proposal (RFP) was issued in June. Candidates have been required to submit their bids by August 21, and the contract shall be awarded by October 1. After the award, the successful bidder may have as much as 90 days to imagine administrative tasks.