DALLAS, March 7 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS) today announced a contract renewal with the Missouri (MO) HealthNet Division to provide electronic health records and pharmacy benefits management solutions. The contract has a length of up to 10 years and a total value of $57 million if all option years are exercised.
Under this contract, ACS will provide the state with several components of ACS' electronic health records (EHR) solution, including SmartPA(SM) for conducting automated prior authorizations and Prospective Drug Utilization Review. Since 2002, SmartPA has helped contribute more than $85 million in program savings annually in Missouri.
ACS has also provided MO HealthNet with Retrospective Drug Utilization review and academic detailing programs that have enabled the state to save more than $10 million. In 2002, ACS introduced the Get Well program, a disease management program, which helped the state save more than $7 million.
"We have worked closely with the State of Missouri to help them achieve their vision of providing MO HealthNet participants with the best care possible through innovative clinical and technology solutions," said Christopher T. Deelsnyder, ACS senior vice president and managing director, Government Healthcare Solutions. "ACS is noted for listening to our customers, learning about their business requirements, and implementing solutions for participants, providers, and taxpayers in each of the states we serve."
This contract renewal was reflected in the second quarter fiscal year 2008 results and extends a relationship that began in 2001.
ACS will also deploy EHR web tools -- DirectInform(SM), CyberAccess(SM) and DirectCarePro(SM) -- that enable patients, physicians, and pharmacists to access information that will help MO HealthNet Division improve health outcomes, facilitate coordination of care between providers, reduce dangerous drug interactions, minimize duplicate therapies, and reduce unnecessary costs. ACS will also provide Retrospective Drug Utilization Review and federal reporting services using CyberFormance(SM), a fourth component of ACS' EHR suite of web tools.
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 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.
For more information about ACS' EHR solutions and ACS' experience in Missouri, please visit http://www.acs-inc.com/informedhealth.
ACS, a global FORTUNE 500 company with 62,000 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.
|SOURCE Affiliated Computer Services, Inc.|
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