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ESTIMATE FINANCIAL LIABILITY FOR LONG-TERM CARE

Award Information
Agency: Department of Health and Human Services
Branch: N/A
Contract: N/A
Agency Tracking Number: 4676
Amount: $497,000.00
Phase: Phase II
Program: SBIR
Solicitation Topic Code: N/A
Solicitation Number: N/A
Timeline
Solicitation Year: N/A
Award Year: 1988
Award Start Date (Proposal Award Date): N/A
Award End Date (Contract End Date): N/A
Small Business Information
11426 Rockville Pike
Rockville, MD 20852
United States
DUNS: N/A
HUBZone Owned: No
Woman Owned: No
Socially and Economically Disadvantaged: No
Principal Investigator
 James C Vertrees
 Principal Investigator
 (301) 468-0100
Business Contact
Phone: () -
Research Institution
N/A
Abstract

THE OBJECTIVE OF THIS RESEARCH IS TO DEVELOP STATE-OF-THE- ART TECHNOLOGY TO PROVIDE ESTIMATES OF FUTURE FINANCIAL LIABILITY FOR ORGANIZATIONS SUCH AS SOCIAL HEALTH MAINTENANCE ORGANIZATIONS (SHMOS) AND SMALL INSURANCE COMPANIES THAT OFFER LONG TERM CARE BENEFITS. ESTIMATING THE FUTURE FINANCIAL LIABILITIES OF AN ORGANIZATION REQUIRESFORECASTS OF THE NEED FOR LONG-TERM CARE SERVICES. THIS MEANS THAT COMPLEX INTERACTIONS OF HEALTH AND DISABILITY STATUS OVER TIME MUST BE MODELED. THE PROJECT WILL ALSO DISAGGREGATE ESTIMATES OF PRIVATE RESPONSES AND POLICIES. REALISTIC ECONOMIC ASSUMPTIONS WILL BE INCORPORATED INTO THEPROJECTIONS. SHMOS AND RETIREMENT COMMUNITIES NEED THIS TYPE OF INFORMATION AND THEREFORE REPRESENT POTENTIAL MARKETS. DATA SOURCES WILL INCLUDE THE NATIONAL INSTITUTE ON AGING'S LONGITUDINAL STUDY OF AGING.

* Information listed above is at the time of submission. *

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