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Tag Archives: Medicare

Kamal Narang: General Dynamics to Continue CMS Support Under Potential $276M Contract

A business unit of General Dynamics (NYSE: GD) has secured a potential five-year, $276.5M contract to extend its support work on a Centers for Medicare and Medicaid Services system used to manage benefits and payments for a federal health insurance program. General Dynamics Information Technology will support Medicare customer service, electronic data exchange, debt transaction processing and digital imaging functions of the Benefits Coordination & Recovery Center, the company said Friday.

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Novitas Wins Potential $843M CMS Medicare Administration Support Contract

Novitas Solutions has won a potential seven-year, $842.7M contract to help the Centers for Medicare and Medicaid Services manage health insurance benefit programs. The company will support audit, claims processing and payment transactions for Medicare Part A and B beneficiaries in Colorado, Arkansas, New Mexico, Mississippi, Louisiana, Oklahoma and Texas, …

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Livanta, Ohio Kepro Win $354M in CMS Case Review Task Orders

Livanta, Ohio Kepro have won separate task orders worth up to $354.5M combined under a potential $1.5B statutory review support contract from the Centers for Medicare and Medicaid Services. CMS said Tuesday in a FedBizOpps notice Ohio Kepro will evaluate cases in CMS’ 1, 4, 6, 8 and 10 regions …

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Premier Reports Cost of Opioid Epidemic on Hospitals, Taxpayers; Roshni Ghosh Quoted

TYSONS CORNER, VA, January 10, 2018 — Premier (Nasdaq: PINC), a North Carolina-based health care company, has found that patients who experience an opioid overdose account for an estimated $11.3B in total annual costs at U.S. hospitals, with 66 percent of those patients covered under the federal Medicaid and Medicare programs, ExecutiveBiz …

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Perspecta to Support CMS IT Applications Under $149M Task Order; Mac Curtis Comments

The Centers for Medicare and Medicaid Services has awarded Perspecta (NYSE: PRSP) a potential five-year, $149 million task order to host three enterprise mainframe applications for the agency. The company said Friday it will help process and manage Medicare Part A and Part B claims under the follow-on order that has one base …

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CMS Awards New Round of Medicare Recovery Audit Support Contracts

The Centers for Medicare and Medicaid Services has awarded contracts to Performant Recovery, Cotiviti and HMS Federal Solutions to conduct assessments across five U.S. regions in support of the Medicare Fee-for-Service Recovery Audit Program. The Medicare FFS Recovery Audit Program seeks to detect and correct overpayments and underpayments to healthcare providers through …

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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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