New York State Contract Reporter #RFP 013-2026

Professional Liability Insurance and Captive Management Strategic Planning Services for NHCC

Nassau Health Care Corporation (NHCC), operating as the NuHealth System, is seeking proposals for professional liability insurance and captive management strategic planning services. - Government Buyer: - Nassau Health Care Corporation (NHCC), NuHealth System - Department of Procurement - Scope of Services: - Independent strategic advisory services for professional liability insurance and risk financing - Comprehensive review of NHCC's current medical malpractice and professional liability risk structure, including its offshore captive insurance company - Analysis of strategic alternatives, such as: - Restructuring the current captive - Forming a new single-parent captive onshore - Utilizing a risk retention group - Other viable risk financing options - Financial projections comparing total cost of risk over a 5-year horizon - Deliverables include a diagnostic report, strategic recommendations, and financial modeling - Requirements: - Vendors must have at least 10 years of experience in captive management (on-shore and off-shore) and government healthcare systems - Emphasis on Service-Disabled Veteran-Owned Business (SDVOB) participation (6%) and Minority/Women Business Enterprise (MWBE) participation (20%) - No specific OEMs or named vendors are mentioned in the solicitation - No products or hardware are being procured; the focus is on professional services

Description

Nassau Health Care Corporation (NHCC) is soliciting proposals from qualified vendors to provide professional liability insurance strategic planning services, including captive management. The scope includes evaluating NHCC's current medical malpractice and professional liability risk financing structure, reviewing the existing offshore captive insurance company, analyzing strategic alternatives such as restructuring or forming new captives, and providing financial projections over a 5-year horizon. The selected vendor will act as an independent strategic advisor and provide actionable recommendations for NHCC's future risk financing structure. Proposals must comply with all instructions and be submitted by August 21, 2026, 4:00 PM.

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