ESD Contract Vehicle makes ViPS Member of Select Group of Companies Permitted to Bid as Prime Contractor on IT Development Work For CMS Over
The Next 10 Years
Maximum of $4 Billion in Contract Value to be Awarded under ESD
ELMWOOD PARK, N.J., Sept. 18 /PRNewswire-FirstCall/ -- HLTH Corporation's (Nasdaq: HLTH) ViPS subsidiary today announced that ViPS has been selected as an information technology partner by the Centers for Medicare and Medicaid Services (CMS) in its new contracting vehicle named Enterprise Systems Development, or ESD. CMS is expected to procure a majority of their information technology development work for the next ten years under this new contract. CMS set a maximum ceiling of $4 billion on the value of contracts to be awarded under this vehicle. ViPS is one of 8 large business awardees.
The ESD contract is part of CMS' vision to achieve a transformed and modernized healthcare system for its Medicare and Medicaid beneficiaries. CMS is faced with the challenge of responding to emerging healthcare IT trends, such as Federal Interoperability Standards, electronic and personal health records, transparency, new payment models, consumer-driven healthcare and regional and national health information networks.
The ESD partnering environment will focus on establishing and maintaining a collaborative business arrangement between CMS and its select partners, including ViPS, to advance performance, improve care quality and create value- driven, transparent healthcare in the United States.
"We are proud that CMS considers ViPS a partner who has long
demonstrated a commitment to CMS and the public healthcare programs the
agency administers," state
|SOURCE HLTH Corporation|
Copyright©2007 PR Newswire.
All rights reserved