Pentagon Issues Draft RFP for T-5 TRICARE Managed Care Support Contracts

Pentagon Issues Draft RFP for T-5 TRICARE Managed Care Support Contracts
health care

The Department of Defense has issued a draft solicitation for two fifth-generation TRICARE managed care support contracts that could be worth more than $58B combined, Bloomberg Government reported Monday.

DoD wants the T-5 contracts to provide health care services for about 9M service members, veterans and their dependents enrolled in the country’s TRICARE system and plans to carry out a full and open competition for two contracts to support the delivery of services in TRICARE West and East regions.

A draft request for proposals notice posted Friday says the Defense Health Agency is asking industry to provide feedback on the draft RFP to help inform managed care support requirements.

Centene’s (NYSE: CNC) Health Net subsidiary is the incumbent on the potential $17.5B TRICARE West contract, which will expire in December 2023. Humana’s military healthcare services subsidiary holds the potential $39.9B TRICARE East contract, which will end in April 2022.

The Pentagon will accept responses to the draft solicitation by Sept. 18 and intends to hold virtual industry days on Sept. 14 and 15.

You may also be interested in...

Gil Dussek CEO Gunnison Consulting Group

Gunnison Buys Federal IT Service Management Firm G2SF; Gil Dussek Quoted

Gunnison Consulting Group has acquired Global Solutions & Services Frameworks for an undisclosed sum to expand its information technology service management, mobile computing and cybersecurity capabilities in the federal government services market. “This deal aligns with our modernization strategy and we remain focused on improving critical government programs, while driving long-term innovation to meet evolving customer demands," said Gunnison CEO Gil Dussek.

Telos

Cybersecurity Firm Telos Launches IPO

Telos (Nasdaq: TLS) targeted to raise approximately $254M from the Ashburn, Virginia-based cybersecurity company's initial public offering Thursday, offering 15M shares of common stock with pricing at $17 each.