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ACS
ACS Signs $84 Million Medicaid Contract with Commonwealth of Virginia
May 22nd, 2009
Affiliated Computer Services, Inc. (NYSE: ACS) announced a five-year, $84 million contract with the Virginia Department of Medical Assistance Services (DMAS) to manage its Medicaid program. Under the contract, ACS will provide fiscal agent and provider enrollment services for the Commonwealth’s Medicaid Management Information System (MMIS). The contract includes a 14-month transition and solutions enhancement period followed by four base years of operations. Additionally, four optional one-year extensions allow for a potential nine-year contract term. As part of the contract, ACS will assume the existing MMIS system and deliver additional system...
Source: Health Business Week (2009-05-22)
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