Hello, Guest!
  • Saturday, April 20, 2024

Richard Montoni: ACA, Medicaid Contracts Increase MAXIMUS’ FY 2014 Guidance


MontonI_Richard_small
Richard Montoni

MAXIMUS (NYSE: MMS) has announced financial results for the second quarter of the company’s 2014 fiscal year, ended March 31.

The Reston, Va.-based government services contractor reported a 35-percent increase in revenue to $439 million from the prior year period and increased its guidance estimates for fiscal 2014 revenue to between $1.68 billion and $1.73 billion.

Previous company estimates for fiscal 2014 revenue were of a range between $1.6 billion and $1.68 billion, the company said.

Richard Montoni, MAXIMUS CEO, attributed the quarter’s financial results and guidance increase to the company’s work for Affordable Care Act and Medicaid programs.

Montoni also announced the company will add sites for two of its workforce services contracts in Australia under the Australian Star Ratings program.

MAXIMUS also reported a 64-percent revenue increase from the prior year period to $324.1 million in the company’s health services segment.

Video of the Day

Related Articles

Senate Confirms Mara Karlin as DOD Strategy Lead Executive Moves

Senate Confirms Mara Karlin as DOD Strategy Lead

Mara Elizabeth Karlin, principal deputy assistant secretary for international security affairs at the Defense Department, was confirmed by the Senate to serve as DOD’s assistant secretary for strategy, plans and capabilties. Senators approved the nomination by voice vote Monday, following a series of congressional events that took place since the White House announced President Joe

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract News

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract

Express Scripts has secured a potential multi-year $4.3 billion contract to help the Defense Health Agency manage pharmacy benefit-related activities across all 50 states; Washington, D.C; Guam; Puerto Rico; and the Virgin Islands. The company will provide management services in support of the TRICARE Pharmacy Benefit Program, which delivers prescription drugs to beneficiaries through mail

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy News

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy

Defense Secretary Lloyd Austin has signed a plan designed to guide the military’s implementation activities aimed at ensuring U.S. electromagnetic spectrum advantage and providing warfighters with “freedom of action” in the EMS. The Department of Defense said Thursday its operations in air, land, maritime, space and cyberspace domains rely on EMS and the 2020 Electromagnetic