This report describes a managed care approach which uses limited risk bundled contracting to provide mental health services for high risk children and youth in Franklin County, Ohio. The project uses flexible allocation of blended dollars to support individualized plans that are strength-based and family-centered and incorporate principles of managed care such as limited risk contracting, increased flexibility for providers, and simplified standardization. The report explains the contracting structure, the limited risk structure, reporting and monitoring procedures, and family satisfaction, and dispute resolution. Preliminary data suggest this approach is successful on both management/financial and family satisfaction criteria. (DB)