ACS Signs $44 Million Contract with State of Florida
DALLAS, Nov. 10 /PRNewswire-FirstCall/ -- Affiliated Computer Services,
Inc. (NYSE: ACS) today announced it has signed a new five-year, $44 million
contract with Florida's Agency for Healthcare Administration (AHCA) to
administer a Third Party Liability program for Florida Medicaid. With many
state governments facing severe budget crises, ACS' Third Party Liability
(TPL) solutions deliver potential cost savings.
As part of the new contract with Florida, ACS will deploy its
industry-leading business process and Web-based technologies in pursuit of
Third Party recovery sources such as commercial health insurance plans,
Medicare, Casualty, Estate, Trust and Annuity plans which provide
opportunities to save money by assisting state Medicaid programs in
proactively identifying alternate insurance sources prior to Medicaid claims
payment.
"The AHCA sought our services because they know and trust ACS and our
management team. Additionally, we offered creative solutions that have been
extremely successful in the commercial market, and thereby could provide
tremendous savings opportunities for the Florida Medicaid program," said
Christopher Deelsnyder, senior vice president and managing director, ACS
Government Healthcare Solutions.
"Our extensive TPL product offering will revolutionize the government
healthcare market by allowing Medicaid programs to proactively identify
alternate insurance sources. These services are especially important in
today's current environment where most states are facing major budget
challenges," Deelsnyder said.
ACS' previous and current contracts with ACHA over the past 10 years
include Medicaid Fiscal Agent services, Pharmacy Benefit Management,
Enrollment Broker services, Choice Counseling services, Medication Therapy
Management and the Complaint and Information Call Center.
About ACS
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 supports more than 23 million program recipients and processes
nearly 550 million Medicaid healthcare claims annually, representing close to
$50 billion in provider payments. As the nation's largest government program
pharmacy benefits administrator, ACS serves 28 states, the District of
Columbia, and the Department of Labor with drug expenditures totaling more
than $13 billion.
ACS, a global FORTUNE 500 company with approximately 63,000 people
supporting client operations reaching more than 100 countries, provides
business process outsourcing and information technology 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." Learn more
about ACS at http://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 our most recent filing. ACS
disclaims any intention or obligation to revise any forward-looking
statements, whether as a result of new information, future event, or
otherwise.
