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Accenture faces mid-March deadline or disaster

PapayaSF (721268) writes | about 7 months ago


PapayaSF (721268) writes " reports that Accenture has two months to fix by building a "financial management platform that tracks eligibility and enrollment transactions, accounts for subsidy payments to insurance plans, 'provides stable and predictable financial accounting and outlook for the entire program,' and that integrates with existing CMS and IRS systems." The procurement document, posted on a federal website, states that if this is not completed in time, there will be "financial harm to the government" and "the entire healthcare reform program is jeopardized." Risk mitigation (which pays insurers who enroll a higher-than-expected number of sick patients) must be accurately forecast, or it might put "the entire health insurance industry at risk.” Accenture will also have to fix the enrollment transmissions, which have been sending inaccurate and garbled data to insurance companies. Because the back-end cannot currently handle the federal subsidies, insurers will be paid estimated amounts as a stopgap measure. The document also said that officials realized in December that there was no time for a “full and open competition process” before awarding Accenture the $91 million contract. What are their odds of success?"

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