CB05: Understanding the Bid Process
This session will walk attendees through the detailed requirements for submitting a bid in the next round of the Medicare competitive bidding program (CBP). What are the requirements for submitting a bid, including what are bid bonds and how are they different than the current surety bonds? What financial documents will be required and how are they scored when determining whether a supplier is qualified to bid? How do commonly owned companies submit bids? How will CMS evaluate bids and select contract suppliers?
Learning Objectives: Requirements that suppliers need to know and understand to participate in the next Medicare CBP, including:
- Basic prerequisites
- Bid bonds
- Financial document requirements
- Licensure requirements
- The bid evaluation process
- The contract selection process
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