The bill outlines the requirements for the Executive Office of Health and Human Services (EOHHS) to submit a detailed report by December 20, 2024, to the Executive Office for Administration and Finance and the House and Senate Committees on Ways and Means. This report must include information on the amounts of agreements, a delineation of ongoing and new projects, and the federal reimbursement and cost avoidance derived from contracts in previous fiscal years. The EOHHS maintains relationships with various vendors, including the University of Massachusetts Chan Medical School and Accenture, to enhance health care consulting and achieve significant program savings through revenue enhancement and cost avoidance strategies.

Additionally, the bill introduces several new initiatives aimed at maximizing reimbursement and identifying cost avoidance opportunities within the Medicaid program. These initiatives include projects focused on health insurance investigations, compliance, and financial asset verification, among others. The report indicates that these projects are projected to yield approximately $8.4 billion in total cost avoidance and revenue for the state fiscal year 2024. The bill emphasizes the importance of maintaining and expanding these contingency-based contracts to support the ongoing efforts of EOHHS in managing health care costs effectively.