HUD issues RFI for Integrated Underwriting, Asset Management, and Document Management Solution

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HUD has issued an RFI for assistance with its Office of Healthcare Programs (OHP) for the hospital underwriting and asset management functions. The OHP currently manages its portfolio with the assistance of a contractor utilizing business risk tools to analyze the portfolio and deliver comprehensive financial risk management services. Our current service provides significant asset management enhancements including advanced financial analysis, analysis of cash flows, and probability of default analysis. While the service offers strong analysis capabilities, it lacks the ability to integrate underwriting functionality, document asset management activities, and store program documents.

HUD requirements include providing services to support the review, analysis, collaboration and decision-making process required during underwriting. The service will also, manage and store documents, streamline data entry, provide risk rating capabilities, generate portfolio-wide dash board reports and provide hospital-specific probability of default analysis. Specifically, the requirements include the following:

  1. Support the Underwriting Process
  • Automate the origination process, to include standardized workflows and management of electronic application documents
  • Standardize the credit write-up process; to include credit memo templates, which automatically incorporate data from the financial reviews
  • Track the status of each application and provide standard reports on all pipeline activity
  1. Collect and Store All Administrative, Financial and Utilization Data
  • Develop a systematic process to collect hospital administrative data, hospital financial statement data, and hospital utilization statistics
  • Provide the capability to create, edit, and delete hospital administrative, financial, and utilization information
  • Import existing electronic historical data…”

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This topic contains 0 replies, has 1 voice, and was last updated by  Jackie Gilbert 2 weeks, 1 day ago.

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