DoD Awards $9.3M for Medical Coding & Transcription Services to Integrated Management Strategies LLC
Contract Overview
Contract Amount: $9,286,945 ($9.3M)
Contractor: Integrated Management Strategies LLC
Awarding Agency: Department of Defense
Start Date: 2024-06-01
End Date: 2026-10-31
Contract Duration: 882 days
Daily Burn Rate: $10.5K/day
Competition Type: COMPETED UNDER SAP
Number of Offers Received: 7
Pricing Type: FIRM FIXED PRICE
Sector: Healthcare
Official Description: MEDICAL CODING AND MEDICAL TRANSCRIPTION SERVICES
Place of Performance
Location: BETHESDA, MONTGOMERY County, MARYLAND, 20889
State: Maryland Government Spending
Plain-Language Summary
Department of Defense obligated $9.3 million to INTEGRATED MANAGEMENT STRATEGIES LLC for work described as: MEDICAL CODING AND MEDICAL TRANSCRIPTION SERVICES Key points: 1. Contract awarded to Integrated Management Strategies LLC for $9.3M. 2. Services include medical coding and transcription, crucial for healthcare operations. 3. Competition method was 'Competed Under SAP', indicating potential for limited competition. 4. The contract is Firm Fixed Price, providing cost certainty. 5. Sector is Healthcare/Defense support.
Value Assessment
Rating: fair
The contract value of $9.3M over approximately 2.5 years appears reasonable for specialized medical coding and transcription services. Benchmarking against similar contracts is difficult without more granular data on service scope and volume.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under SAP (Simplified Acquisition Procedures), which typically allows for limited competition. This method may not have yielded the lowest possible price compared to a full and open competition.
Taxpayer Impact: Taxpayer funds are being used for essential healthcare support services. The pricing appears within a reasonable range, but the limited competition might have resulted in a slightly higher cost than optimal.
Public Impact
Ensures accurate medical record keeping for military personnel and beneficiaries. Supports efficient healthcare operations within the Defense Health Agency. Provides essential administrative functions that underpin clinical care delivery.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition due to SAP.
- Potential for price not being fully optimized.
Positive Signals
- Firm Fixed Price contract type.
- Essential healthcare support services.
Sector Analysis
This contract falls within the professional services sector, specifically supporting healthcare administration within the Department of Defense. Spending benchmarks for medical coding and transcription can vary significantly based on volume and complexity.
Small Business Impact
The data indicates this contract was not awarded to a small business (ss: false, sb: false). There is an opportunity to increase small business participation in future procurements for similar services.
Oversight & Accountability
The contract was competed under SAP, which has streamlined procedures but may offer less robust oversight than full and open competition. Accountability relies on contract performance monitoring by the Defense Health Agency.
Related Government Programs
- Other Accounting Services
- Department of Defense Contracting
- Defense Health Agency Programs
Risk Flags
- Limited competition may lead to suboptimal pricing.
- Lack of small business award.
- Potential for scope creep if not tightly managed.
- Reliance on contractor performance for quality.
Tags
other-accounting-services, department-of-defense, md, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $9.3 million to INTEGRATED MANAGEMENT STRATEGIES LLC. MEDICAL CODING AND MEDICAL TRANSCRIPTION SERVICES
Who is the contractor on this award?
The obligated recipient is INTEGRATED MANAGEMENT STRATEGIES LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Defense Health Agency).
What is the total obligated amount?
The obligated amount is $9.3 million.
What is the period of performance?
Start: 2024-06-01. End: 2026-10-31.
What is the specific volume and complexity of medical coding and transcription required under this contract to accurately assess value?
The provided data lacks specifics on the volume of medical records to be coded and transcribed, or the complexity of those records (e.g., specialized medical fields, types of reports). Without this, a precise value assessment is challenging. However, the total contract value of $9.3M over approximately 2.5 years suggests a substantial workload.
How does the pricing compare to industry benchmarks for similar medical coding and transcription services, considering the limited competition?
Direct comparison is difficult without detailed service scope. However, contracts competed under SAP often result in prices that are fair but not necessarily the absolute lowest achievable. The $9.3M value suggests a significant service requirement, and further analysis would be needed to determine if it aligns with or deviates from typical market rates for comparable government or commercial contracts.
What mechanisms are in place to ensure the quality and accuracy of the medical coding and transcription services provided by Integrated Management Strategies LLC?
Quality assurance is typically managed through performance metrics outlined in the contract's Statement of Work (SOW). The Defense Health Agency would be responsible for monitoring these metrics, conducting audits, and ensuring compliance with relevant healthcare regulations (like HIPAA). Specific quality control procedures would be detailed within the contract documentation.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting Services
Product/Service Code: MEDICAL SERVICES › CERTIFIED MEDICAL SUPPORT
Competition & Pricing
Extent Competed: COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: HT001424R0004
Offers Received: 7
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 5285 SHAWNEE RD STE 303, ALEXANDRIA, VA, 22312
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Economically Disadvantaged Women Owned Small Business, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $26,985,067
Exercised Options: $13,534,736
Current Obligation: $9,286,945
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2024-06-01
Current End Date: 2026-10-31
Potential End Date: 2028-10-31 00:00:00
Last Modified: 2026-01-14
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