VA awards $132.9M task order to VETERANS EVALUATION SERVICES, INC for physician services

Contract Overview

Contract Amount: $132,921,626 ($132.9M)

Contractor: Veterans Evaluation Services, Inc

Awarding Agency: Department of Veterans Affairs

Start Date: 2023-10-01

End Date: 2024-09-30

Contract Duration: 365 days

Daily Burn Rate: $364.2K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Healthcare

Official Description: FY24 FUNDING TASK ORDER.

Place of Performance

Location: HOUSTON, HARRIS County, TEXAS, 77008

State: Texas Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $132.9 million to VETERANS EVALUATION SERVICES, INC for work described as: FY24 FUNDING TASK ORDER. Key points: 1. Significant contract value of $132.9M for physician services. 2. Competition method was 'FULL AND OPEN COMPETITION', suggesting broad market engagement. 3. Risk appears moderate given the fixed-price contract type and defined period of performance. 4. Sector is healthcare, specifically physician offices, a critical area for VA operations.

Value Assessment

Rating: good

The contract value of $132.9M for a one-year period appears reasonable for comprehensive physician services. Benchmarking against similar large-scale VA healthcare contracts would provide further context on pricing efficiency.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The use of full and open competition is a positive indicator for price discovery. This method allows multiple vendors to bid, fostering a competitive environment that should drive down costs and improve service quality.

Taxpayer Impact: The competitive nature of this award is expected to yield good value for taxpayer dollars by ensuring fair pricing for essential physician services.

Public Impact

Ensures continued access to physician services for veterans. Supports the operational capacity of the Department of Veterans Affairs. Potential for improved healthcare outcomes for veteran beneficiaries.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for vendor lock-in if performance is exceptional.
Reliance on a single vendor for a critical service.

Positive Signals

Full and open competition utilized.
Firm Fixed Price contract type mitigates cost overrun risk.
Clear period of performance (1 year).

Sector Analysis

This contract falls within the healthcare sector, specifically the provision of physician services. Spending in this area is substantial across government agencies, particularly for veteran care, making efficient procurement crucial.

Small Business Impact

The data indicates this contract was not awarded to small businesses (ss: false, sb: false). Further analysis would be needed to determine if small businesses had a fair opportunity to compete or if subcontracting opportunities exist.

Oversight & Accountability

The award is a delivery order under a larger contract, suggesting existing oversight mechanisms. However, ongoing monitoring of performance and adherence to the firm-fixed-price terms is essential for accountability.

Related Government Programs

Offices of Physicians (except Mental Health Specialists)
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Potential for high cost if not managed effectively.
Dependence on a single vendor for critical services.
Need for robust quality assurance oversight.
Limited visibility into small business participation.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $132.9 million to VETERANS EVALUATION SERVICES, INC. FY24 FUNDING TASK ORDER.

Who is the contractor on this award?

The obligated recipient is VETERANS EVALUATION SERVICES, INC.

Which agency awarded this contract?

Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).

What is the total obligated amount?

The obligated amount is $132.9 million.

What is the period of performance?

Start: 2023-10-01. End: 2024-09-30.

What is the historical performance of VETERANS EVALUATION SERVICES, INC on similar VA contracts?

Assessing the vendor's past performance is crucial for understanding their reliability and capability in delivering healthcare services. Reviewing previous contract awards, performance evaluations, and any documented issues can provide insights into their track record and potential risks associated with this new award.

How does the per-unit cost of services compare to industry benchmarks for similar physician roles?

Benchmarking the cost of services against industry standards is vital for ensuring fair pricing. If specific service units are defined, comparing their cost to market rates for physicians with similar qualifications and experience can reveal potential overpricing or cost savings.

What mechanisms are in place to ensure the quality and timeliness of physician services provided under this task order?

Quality assurance and performance monitoring are paramount for healthcare contracts. The VA should have defined metrics and processes to track service quality, patient satisfaction, and adherence to the schedule. Regular performance reviews and feedback loops are essential for maintaining high standards.

Industry Classification

NAICS: Health Care and Social Assistance › Offices of Physicians › Offices of Physicians (except Mental Health Specialists)

Product/Service Code: MEDICAL SERVICES › NURSING, NURSING HOME, EVAL/SCREEN

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2707 NORTH LOOP W STE 1000, HOUSTON, TX, 77008

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $132,921,626

Exercised Options: $132,921,626

Current Obligation: $132,921,626

Actual Outlays: $90,688,475

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 36C10X22D0008

IDV Type: IDC

Timeline