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Tag Archives: Medicare

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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General Dynamics to Help CMS Run Medicare Info Systems; Marcus Collier Comments

General Dynamics (NYSE: GD) has won a potential $19.9 million contract to maintain and update systems for the Centers for Medicare & Medicaid Services to manage information on Medicare beneficiary eligibility. The company will also update software for the Beneficiary Eligibility Suite of Systems Transactions program and link new and …

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Maximus Starts FY2013 With 19% 1Q Revenue Jump; Richard Montoni Comments

Maximus (NYSE: MMS) has announced financial results for the first quarter of its 2013 fiscal year, ended Dec. 31,  2012. Total revenue for the quarter increased 19 percent to $286.3 million over the $239.6 million in thee prior year period. Growth on existing contracts, new work and the company’s April 2012 acquisition …

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CMS Opens $18B Competition for Data Center Contract

The Centers for Medicare and Medicaid Services is opening an $18 billion competition for a 10-year contract vehicle that would provide the CMS a single avenue to buy data center services, according to a Washington Post report. Alexander Serbau, Deltek senior analyst for health and human services, told the Post …

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HP Subsidiary Wins $72.3M Renewal for Medicare and Medical Services; Dennis Stolkey Comments

HP Enterprise Services announced that HP‘s (NYSE: HPQ) subsidiary NHIC Corp. has won a $72.3 million contract with the U.S. Centers for Medicare & Medicaid Services. NHIC will continue to service durable medical equipment suppliers in 11 northeastern states and the District of Columbia on the five-year contract renewal. Company services will include …

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