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Tag Archives: Medicaid

Trump’s Budget Proposal Adds Half Trillion to Defense Spending, to Balance in 10 Years

The Trump administration revealed its budget Tuesday, which would add almost half a trillion dollars to defense spending while cutting $1.5 trillion from nondefense spending and $1.4 trillion in Medicaid over the course of a decade. Trump’s plan, titled “A New Foundation for American Greatness,” leaves Medicare and the retirement portion of  Social …

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CMS Awards Potential $2.5B Medicare, Medicaid Anti-Fraud Services Contract Vehicle

The Centers for Medicare and Medicaid Services has awarded positions on a potential 10-year, $2.5 billion contract vehicle to seven companies for program integrity support services intended to help CMS and its partners identify instances of healthcare fraud, waste and abuse in Medicare and Medicaid. CMS consolidated prior anti-waste and abuse services carried …

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Centene to Buy Health Net for $6.3B in Cash, Stock; Michael Neidorff Comments

St. Louis-based health insurer Centene (NYSE: CNC) has agreed to purchase managed healthcare services contractor Health Net (NYSE: HNT) for $6.3 billion in cash and stock and will also assume $500 million in debt. Centene said Thursday the price of the deal is $78.57 per share, which represents a premium of 21 percent over the …

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CMS Awards 15 Spots on Potential $7B Modeling, Evaluation IDIQ

The Centers for Medicare & Medicaid Services has awarded 15 positions on a potential five-year, $7 billion contract to help design and implement service and delivery models for managing costs of federal healthcare programs. CMS announced the contract awards Monday in a FedBizOpps notice and said the agency received 23 proposals for …

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Xerox Wins $500M to Manage Medicaid Claims for NY’s Capital

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. …

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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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Serco Wins Potential $1.2B CMS Program Enrollment Support Contract

Serco Inc., the British contractor’s North American subsidiary, has won a potential $1, 248, 871, 357 contract to help the Centers for Medicare and Medicaid Services manage applications for enrollment into health programs. The cost-plus-fixed-fee type contract went into effect Monday and contains one base year and four one-year options, according …

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Maryland Approves Potential $297M CSC Medicaid Contract

The Maryland Board of Public Works approved a potential $297 million contract with Computer Sciences Corp. (NYSE: CSC) Wednesday to operate the state’s system of tracking Medicaid claims and patients. The Baltimore Business Journal reports the contract has five base years worth $171 million and three two-year options worth nearly …

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HP Registers Valuable CMS Data Deal Win; Dennis Stolkey Comments

HP Enterprise Services won a task order worth a potential $26 million from the U.S. Centers for Medicare & Medicaid Services (CMS) to maintain its Integrated Data Repository (IDR) and support data quality services to better track Medicare payment data. According to the firm, “the task order is in support …

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