Financial Analysis and Projections Services

Agency: University of Iowa
State: Iowa
Type of Government: State & Local
NAICS Category:
  • 541611 - Administrative Management and General Management Consulting Services
Posted Date: May 20, 2024
Due Date: May 28, 2024
Solicitation No: 18258
Bid Source: Please Login to View Page
Contact information: Please Login to View Page
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Bid Information
Type Request for Qualifications - Sealed
Status Issued
Number 18258 Addendum 1 (Financial Analysis and Projections Services)
Issue Date & Time 5/9/2024 06:00:01 AM (CT)
Close Date & Time 5/28/2024 03:00:00 PM (CT)
Notes
**Addendum One-Answers to supplier questions are now available and the bid close date has been extended. The attribute requiring presentations during May has been removed as it is not applicable. If presentations are needed the University will coordinate a time with selected supplier(s). **
The University of Iowa Hospitals and Clinics (UIHC) seeks to engage a qualified firm to assist with financial analysis and projections in specific service lines. The primary goals of this analysis are to assess the financial position and situational assessment, identify potential opportunities, develop financial projections and sensitivities, assess combined provide support of evaluating investments in specified clinical services.
Contact Information
Name Renee Funk
Address 202 PCO
Iowa City 52242-2500
Phone (319) 335-0382
Fax
Email renee-funk@uiowa.edu

Attachment Preview

18258 Addendum 1
Financial Analysis and Projections Services
Issue Date: 5/9/2024
Questions Deadline: 5/16/2024 03:00 PM (CT)
Response Deadline: 5/28/2024 03:00 PM (CT)
Contact Information
Contact: Renee Funk
Address: Purchasing
PCO
202
202 PCO
Iowa City 52242-2500
Phone: (319) 335-0382
Email: renee-funk@uiowa.edu
Page 1 of 13 pages
Deadline: 5/28/2024 03:00 PM (CT)
18258 Addendum 1
Event Information
Number:
18258 Addendum 1
Title:
Financial Analysis and Projections Services
Type:
Request for Qualifications - Sealed
Issue Date:
5/9/2024
Question Deadline: 5/16/2024 03:00 PM (CT)
Response Deadline: 5/28/2024 03:00 PM (CT)
Notes:
**Addendum One-Answers to supplier questions are now available and the bid close
date has been extended. The attribute requiring presentations during May has been
removed as it is not applicable. If presentations are needed the University will
coordinate a time with selected supplier(s). **
The University of Iowa Hospitals and Clinics (UIHC) seeks to engage a qualified firm
to assist with financial analysis and projections in specific service lines. The primary
goals of this analysis are to assess the financial position and situational
assessment, identify potential opportunities, develop financial projections and
sensitivities, assess combined provide support of evaluating investments in
specified clinical services.
Billing Information
Contact: AP
Address: AP
PCO
202
202 PCO
Iowa City, IA 52242-2500
Phone: (319) 335-0115
Fax: (319) 335-2443
Bid Attachments
Professional_Services_Agreement_April_2021 (1).docx
Professional Services Agreement
Standard Terms and Conditions Updated (2023-05-15).pdf
University of Iowa Standard Terms and Conditions
Requested Attachments
Audited Financial Statements
(Attachment required)
Supplier must provide audited financial statement as sated in the bid attributes.
Proposal
(Attachment required)
Supplier must provide a detailed proposal.
Download
Download
Page 2 of 13 pages
Deadline: 5/28/2024 03:00 PM (CT)
18258 Addendum 1
Bid Attributes
1 Request for Qualifications
RFQL responses MUST be submitted electronically through the eBid system. RFQL responses submitted by any
other means will not be accepted.
Read & Acknowledged
(Required: Check if applicable)
2 General
The University of Iowa, located in Iowa City, Iowa (hereafter, “University”) desires to obtain written proposals from
qualified suppliers to provide financial analysis services and projections in specific service lines for the University of
Iowa Hospitals and Clinics (hereafter UIHC) in a timely, accurate and professional manner. The objective of
requesting proposals is to acquire services of a reputable and proven supplier with a demonstrated ability to
provide these analyses and projections across a variety of service lines.
Although the University has listed general criteria that will be used in its final evaluation, the University does not
intend these criteria to limit the Supplier's creativity in preparing a proposal it believes will accomplish the
University's goals. The use of specific supplier will be based on the Supplier's performance.
The required documentation of expertise and qualifications outlined in this request is intended to serve primarily as
a general guide for each statement of qualifications, with the minimum requirements listed. Each Supplier is
expected to submit a fully detailed statement of qualifications, which adequately describes the advantages and
benefits the University would realize by selecting the Supplier.
The University may at its option, require oral presentations if deemed necessary, in considering the University's best
interest.
Interested Suppliers are invited to submit qualifications for the Supplier and the individual qualifications of the
Supplier’s representative(s) designated as key personnel to be assigned to the University if selected, as described
in the RFQL.
Read and Acknowledged
(Required: Check if applicable)
Page 3 of 13 pages
Deadline: 5/28/2024 03:00 PM (CT)
18258 Addendum 1
3 Background
The University of Iowa
The University is a broad-based public university of international stature. As of 2022-2023 The University has
31,317 students and is recognized for its academic achievement; leadership in research; and its teaching hospital
The University of Iowa Hospitals and Clinics. As of 2022 The University has an overall budget of $4.4 billion and
employs approximately 19,000 full-time faculty and staff. More information can be found at the Office of the
Registrar.
University of Iowa Health Care
University of Iowa Heath Care is Iowa’s comprehensive academic health center. At our medical centers and clinics,
we provide adult and pediatric primary and specialty care to patients and families from across Iowa, throughout the
nation, and around the world. Our clinical enterprise is comprised of more than 1,200 staff physicians and dentists,
nearly 800 resident and fellow physicians, and over 5,300 nursing staff members. Through innovation,
collaboration, and expertise, we are committed to providing safe, high-quality care with excellent service and
exceptional outcomes. In addition to serving as a referral center for highly specialized care, we conduct research to
better understand, prevent, and treat injuries and illnesses. We also educate students and trainees in medicine and
allied health professions. The University campus contains 850 beds, and more than 1 million patient visits take
place in clinics at the campus and surrounding communities. UI Health Care is consistently ranked by U.S. News &
World Report as the state’s top medical center and one of the nation’s best hospitals, with several of its specialties
ranked among the top 50 in the country. Stead Family Children’s Hospital is Iowa’s only children’s hospital nationally
ranked by U.S. News. UI Health Care was also the first in Iowa to be designated a Magnet Hospital (2004) by the
American Nurses Credentialing Center and the first in Iowa to be re-designated four times (2008, 2013, 2018, and
2023).
4 Objective and Intent
The purpose in requesting qualifications is to retain the services of qualified Suppliers with a national perspective
and demonstrated ability to provide financial analyses and projections in various services lines in an efficient
professional manner, complying with Federal Regulations and University procedures. The University's goal is to
contract with vendor(s) with specialized knowledge of various services lines and reserves the right to award to
various suppliers for adequate service line expertise. The University envisions ongoing services of this type and
will utilize contract award(s) from this RFQL to provide such services. Each engagement with Awarded Supplier(s)
will require a specific Professional Services Agreement (PSA) to define each specific project.
When this RFQL is awarded, the resultant Agreement will begin on or about the first and second weeks of June
2024, and remain in effect through and including July 31, 2029, unless earlier terminated. Thereafter, the
contractual agreement may be extended upon the written mutual consent of both parties through the completion of
the initial assessment.
Page 4 of 13 pages
Deadline: 5/28/2024 03:00 PM (CT)
18258 Addendum 1
5 Scope of Services
The successful Firm will work in partnership with the University and will be expected to fulfill the following scope of
services for potential affiliation opportunities but not limited to:
Scope:
1. Conducting a comprehensive financial analysis of specified clinical service line opportunities.
2. Developing financial projections and related sensitivities using a variety of assumptions.
3. Providing support in defined follow-up where opportunities exist based upon analysis above.
4. Providing other support services related to these projects as requested.
5. Supplier shall be capable of responding quickly and providing thorough analysis with short notice and
turnaround times.
Required Qualifications: The selected firm should possess:
1. Expertise in financial analysis and evaluation of healthcare organizations.
2. Experience in conducting financial analyses and evaluating opportunities and risks.
3. Knowledge of the healthcare industry and relevant regulatory and reimbursement considerations.
4. Demonstrated success in providing similar services to healthcare systems or academic medical centers.
Process:
1. Provide a brief description of the firm's understanding of the project goals and the approach to conducting
the financial analysis.
2. Detail the methodology and tools used for conducting financial analyses and evaluating opportunities.
3. Explain how the firm intends to collaborate with UIHC throughout the project, including communication
protocols and key milestones.
4. Describe the firm's experience in supporting health care entities for opportunities identified.
5. Describe in detail specific service line your firm specializes in and associated experience demonstrating
expertise.
6. Describe your firms ability to quickly respond and provide services with short notice and how University will be
treated as a preferred customer. Responses should include average turnaround time for these services.
Pricing: Vendor should provide a detailed pricing structure for the proposed services, including any variable costs
or additional fees that may apply. Pricing proposals should be comprehensive and transparent.
6 Scope of Services - Changes
The University reserves the right to change the scope of work as required. Notices of such changes will be made in
writing by the University to the Supplier.
Read and Acknowledged
(Required: Check if applicable)
7 Supplier Requirements
Suppliers must clearly demonstrate and provide documentation substantiating that they are compliant in each of the
following areas. The University reserves, solely, the right to reject any submittals if the evidence or references
submitted by such Supplier fails to satisfy the University that said Supplier is properly qualified in any of these
areas. It shall not be the responsibility of the University to request additional information to satisfy these
requirements, if such information is not provided with the submitted response. Failure to respond to any question or
follow the instructions herein may result in disqualification
Page 5 of 13 pages
Deadline: 5/28/2024 03:00 PM (CT)
18258 Addendum 1

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