The procurement process began in March and six vendors submitted bids. The state said it expects to save $28 million through BCBS over the next three years, according to a Sept. 15 news release.
Enrollment will begin Oct. 23, and BCBS will have the option to renew the contract for up to 10 years after the initial three.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
