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Tag Archives: affordable care act

Maximus Issues FY 2017 Outlook Falls Below Street Forecasts, Expects Continued Brexit Currency Headwinds

GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.10 per share versus the analysts’ midpoint forecast of …

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November 9 Market Close: GovCon Index Ends at Record High With 5% Surge, Investors Bet on Defense Spending Uptick

Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composite index …

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November 9 Intraday Special Report: GovCon Index Up 4% & Surging Toward Largest One-Day Climb, Defense Primes Pace Gains

As of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential …

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Richard Montoni: Health, Human Services Contracts Drive Maximus’ 15% Revenue Growth in Q1 2015

Maximus (NYSE: MMS) has announced financial results for the first quarter of its 2015 fiscal year, which ended Dec. 31, 2014. The Reston, Virginia-based contractor said Thursday overall Q1 revenue grew approximately 15 percent from the prior year quarter to $467 million and net income attributable to the company rose …

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

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 …

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Richard Montoni: Health Services Work Drives ‘Better Than Expected’ 1Q for MAXIMUS

Reston, Va.-based government services contractor MAXIMUS (NYSE: MMS) has announced financial results for the first quarter of its 2014 fiscal year, ended Dec. 31, 2013. The company reported 42-percent higher revenue from the prior year period, or 44 percent on a constant currency basis, going from $286.3 million to $406.6 …

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Deltek: States Receive $4B for Health Exchanges

Federal states have so far received $4 billion in funding to revamp their health information exchange infrastructures as they aim to fulfill the Affordable Care Act’s requirements, the Washington Post reported Sunday. Amanda White of research firm Deltek writes California, Oregon and New York are among the states that have …

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CSC Promotes David Levitt to VP of Health IT Solutions for N. American Public Sector

Computer Sciences Corp. (NYSE: CSC) has named David Levitt as vice president of health information technology solutions for its North American public sector health services division. Levitt will be responsible for developing new business with federal health agencies and positioning CSC to win work to provide new systems necessary to …

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CGI to Provide Health Insurance Exchange IT Framework to New England Region

CGI Group Inc. (NYSE: GIB) will provide the Commonwealth of Massachusetts with a regional flexible health insurance exchange IT framework as the business process redesign services contractor for the Collaborative Insurance Exchange Systems project. The Commonwealth and the University of Massachusetts Medical School lead the multistate project, which is funded by Center for Consumer Information and Insurance …

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CMS to Award Up to $500M in Healthcare Contracts to Improve Hospital Care

The Center for Medicare & Medicaid Services will award up to $500 million of Affordable Care Act funding to ‘hospital engagement contractors’ for technology-backed programs, training and monitoring to help hospitals and providers improve care. The CMS’s Innovation Center will administer the funding, which is part of the public-private Partnership …

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