MAXIMUS Reaches $360 Million Extension to Help Calif. Kids Get Health Insurance; CEO Richard Montoni Remarks

Richard Montoni

MAXIMUS (NYSE: MMS) has a deal in place with California’s Managed Risk Medical Insurance Board (MRMIB) to extend the Healthy Families contract.

The five-year extension carries a value of $360.6 million.

According to the firm, “Healthy Families is California’s Children’s Health Insurance Program (CHIP), the largest in the nation, serving 885,300 children.”

MAXIMUS will continue administrative services work to help uninsured children with  access to health, dental and vision coverage.

“This contract extension reflects our successful partnership with MRMIB in administering the Healthy Families Programs since 2004 and achieving the best CHIP payment error rate measurement in the nation,” CEO Richard Montoni said. “We look forward to continuing to support the MRMIB in its mission to safeguard the health of Californians by increasing access to affordable, comprehensive and quality healthcare.”

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