Cayman Islands National Insurance Company is looking for a company to manage overseas health care for its 13,391 members, possibly for the last time.
Carole Appleyard, general manager of CINICO, said that following the completion of the new contract, it was likely CINICO would manage overseas referrals itself.
“It is a two-year contract. After that, we will probably be doing this ourselves,” she said.
The government insurance company’s strategic business plan includes developing its own provider networks locally and overseas, cutting down on the costs of third party involvement in referrals.
Ontario-based CMN, also known as Care Management Network Inc., is the current provider of the service, which it has been supplying since 2005.
CINICO’s contract with CMN provides members with access to a network of facilities throughout the United States and other countries at discounted costs.
According to the tender invitation, between July 1, 2009, and 30 June, 2010, 1,176 CINICO cases were referred overseas. The previous year, 753 cases were referred overseas, according to the 2008/2009 CINICO annual report.
The insurer issued a tender proposals invitation on 3 December for a two-year contract to supply the service and this week extended the original 17 December deadline to 5 January, 2011.
Ms Appleyard said the deadline had been extended to accommodate the Christmas and New Year holiday.
“We thought the original deadline we gave was a bit too tight,” she said.
The tender requests bidders to have a minimum of 10 years experience as a third party administrator/case management company and to be based within the Caribbean, the US or Canada.