Serco makes gains with $900mn Medicare and Medicaid Contract
Leading provider of professional, technology, and management services, Serco has recently revealed that is has been awarded a $900mn contract from the US Department of Health and Human Services, Center for Medicare and Medicaid Services (CMS)
The contract will enable Serco to continue supporting eligibility determinations for consumers purchasing health insurance through Federal Health Insurance Exchanges. The contract has a one-year base period and four one-year option periods.
Serco will assist qualified consumers to effectively and efficiently verify their eligibility for benefits. Work for the Company under the contract includes continued development of the Eligibility Support platform involving the processing of a wide variety of consumer transactions. Serco services ensure the integrity of the programme while assisting qualified consumers in securing and maintaining their eligibility to enrol in a Qualified Health Plan.
See also
- Fortune 500 startup Fortive Corporation acquires a Johnson & Johnson division for $2.8bn
- Tackling the demands of a digital world in an analogue healthcare industry
- Best Buy is set to enter the healthcare space
"Since 2013, Serco has developed a great working partnership with CMS to provide vital services to consumers applying for health insurance eligibility," said Dave Dacquino, Chairman and Chief Executive Officer of Serco Inc.
"As we move forward, Serco is committed to continuing to deliver our case management expertise in support of program integrity."
Over the past five years, Serco has assisted millions of consumers in adjudicating their eligibility applications using a combination of skilled staff and process automation to drive down costs and protect programme integrity. Under this contract, the Serco Eligibility Support team will continue to enhance their automated processing platforms and their staff expertise in providing even better and more efficient consumer service.
The Company plans to maintain its processing centers in London, Kentucky; Rogers, Arkansas, and Lawton, Oklahoma.