General Dynamicsâ (NYSE: GD) information technology business unit has been awarded a potential five-year, $75 million contract to supply and maintain software for aÂ Centers for Medicare and Medicaid ServicesÂ equipment management initiative.
CMS will use the software to process claims submitted by suppliers forÂ the Durable Medical Equipment program, General Dynamics said Wednesday.
“We are committed to CMS and to supporting its efforts to ensure that Medicare beneficiaries receive the highest quality of care, ” said Marcus Collier, senior vice president of the IT unit’sÂ health and civilian solutions division at General Dynamics.
The unitÂ will perform work in Towson, Maryland.
General Dynamics developed the first version of software for the CMS DME program, which provides prosthetics and other medical supplies to Medicare beneficiaries.