Xerox Corp. (NYSE: XRX) has been awarded a $500 million contract to manage Albany’s Medicaid claims as the city moves to centralize its healthcare system, Times Union reported Wednesday.
Rick Karlin writes the Norwalk, Conn.-based company will set up an office in the area where previous contractor Computer Sciences Corp. (NYSE: CSC) operated.
It remains unclear whether Xerox would retain nearly 800 jobs in the capital region, according to the report.
The five-year contract is pending approval from the state comptroller, attorney general and the federal government, Times Union reports.
Rick Karlin writes New York is spending $52 billion on the Medicaid program.