DALLAS, Sept. 12 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS) today announced contract extensions with the Hawaii Department of Human Services' Med-QUEST Division to continue providing fiscal agent and pharmacy benefits management (PBM) services to the state's Medicaid program. The six-month extensions of the two contracts are valued at a combined $6.4 million.
ACS has provided fiscal agent and PBM services to Hawaii's Medicaid program since 2001.
"We value our partnership with Med-QUEST and look forward to continuing to serve the needs of Hawaiians across the state," said Christopher T. Deelsnyder, ACS senior vice president and managing director, Government Healthcare Solutions. "ACS is known for listening to our customers, determining their business requirements, and implementing innovative solutions for the recipients, providers, and taxpayers in the states we serve."
Fiscal agent services provided include mailroom, claims receipt, sorting, screening and imaging; third party liability; claims entry, optical character recognition (OCR), claims resolution and adjustment; prior authorization (PA) data entry; provider remittance advice and distribution; claims payment (check and Electronic Funds Transfer) cash control and bank accounts; provider call center, training, and publications; Electronic Data Interchange (EDI) claims submission; automated PA entry for waiver services; quality assurance and report card; Automated Voice Response (AVRS) for eligibility verification; and ID card processing.
PBM services include pharmacy claims processing, automated prior authorizations, call center prior authorizations, drug rebate administration, a Healthcare Common Procedure Coding System (HCPCS) crosswalk table, and help desk services.
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.
ACS, a global FORTUNE 500 company with 60,000 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." ACS makes technology work. Visit ACS on the Internet 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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