ESTIMATE FINANCIAL LIABILITY FOR LONG-TERM CARE

Award Information
Agency:
Department of Health and Human Services
Branch
n/a
Amount:
$497,000.00
Award Year:
1988
Program:
SBIR
Phase:
Phase II
Contract:
n/a
Award Id:
4676
Agency Tracking Number:
4676
Solicitation Year:
n/a
Solicitation Topic Code:
n/a
Solicitation Number:
n/a
Small Business Information
11426 Rockville Pike, Rockville, MD, 20852
Hubzone Owned:
N
Minority Owned:
N
Woman Owned:
N
Duns:
n/a
Principal Investigator:
James C Vertrees
Principal Investigator
(301) 468-0100
Business Contact:
() -
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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