Posted on 04/12/2004 6:01:46 PM PDT by TaxRelief
DALLAS, April 12 /PRNewswire-FirstCall/ -- ACS (NYSE: ACS), a premier provider of business process and information technology outsourcing solutions, announced today that it has been notified by the North Carolina Department of Health and Human Services (DHHS) of their intent to award a contract, valued at $171 million over five years, to replace and operate the North Carolina Medicaid Management Information System (NCMMIS).
The overall goal of the new NCMMIS is to continue to improve the quality and efficiency of healthcare delivery, which will improve beneficiary and population outcomes. ACS brings to the North Carolina Medicaid Program the best track record in the industry, having developed the first MMIS more than 30 years ago and having successfully implemented more new MMIS systems than any other contractor.
"Medicaid providers will see no interruption in their services as a result of this changeover and we are confident that ACS will meet all its objectives and deadlines as we work together to implement the new system," said DHHS Secretary Carmen Hooker Odom.
ACS was one of three companies who submitted proposals to DHHS for management of the NCMMIS, offering a full spectrum of systems and complementary services through an integrated solution without relying upon expensive subcontractor arrangements. The focus of the ACS solution is replacing the existing 27-year old MMIS with a more efficient system that incorporates re-engineered processes.
The new NCMMIS will continue to process the 90 million annual claims for the Medicaid and mental health programs, and will also process claims for the public health and Division of Facility Services programs. ACS was the first fiscal agent vendor to embrace a multi-payer model for healthcare program administration and brings to North Carolina both the systems and staff expertise to support the State's multi-payer program model.
"ACS' proposed solution incorporates advanced technology, operational best practices, and innovative cost containment program solutions designed to minimize the State's healthcare program expenditures and improve the operational efficiency and responsiveness for the providers, recipients, and other program stakeholders," said Harvey V. Braswell, Group President of ACS State Healthcare Solutions. "Our goal is to establish North Carolina as a national model by working in partnership with DHHS and applying our technology and innovative solutions to deliver improved program administrative services."
This decision brings with it significant economic benefit to North Carolina while reducing healthcare program operational costs. ACS currently operates a North Carolina-based call center in Henderson, Vance County, and projects expanding services provided through the existing call center as well as opening a new office in Raleigh to support the MMIS contract.
ACS is a national leader in state healthcare program administration, offering a full spectrum of systems and complementary services through an integrated solution. From care management solutions and child health programs to pharmacy benefits management and traditional Medicaid fiscal agent services, ACS has a proven track record and extensive program management expertise. ACS is also a pioneer in fraud and abuse protection and other cost-containment methodologies, and is known for its collaborative approach to client relationships that produce results over the long-term. ACS supports 29 states with government healthcare services programs, including processing 400 million Medicaid claims annually totaling more than $50 billion in payments. As the nation's largest government program pharmacy benefits administrator, ACS serves 21 programs in 18 states with drug expenditures totaling more than $13 billion.
ACS, a Fortune 500 company with more than 40,000 people supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at www.acs-inc.com .
The statements in this news release that do not directly relate to historical facts constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including the most recent Form 10-K. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
SOURCE ACS, Inc.
Dumbfounded.
EDS is taking lots of hits in its sweet spot.
EDS has been late to the game of "consolidation." ACS, IBM, CSC have all chosen some "best of breed" systems software that they offer to new clients. You want something outside that portfolio, you pay extra for it.
EDS has, until last year, just run everything their clients want them to run, which can be very expensive if those clients have some specialized, or customized, code.
For a company that was founded on the principle of economies of scale, EDS was the last major outsourcer to realize the economies of standard software platforms.
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