DALLAS, Nov. 10 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (NYSE: ACS) today announced it has signed a new five-year, $44 million contract with Florida's Agency for Healthcare Administration (AHCA) to administer a Third Party Liability program for Florida Medicaid. With many state governments facing severe budget crises, ACS' Third Party Liability (TPL) solutions deliver potential cost savings.
As part of the new contract with Florida, ACS will deploy its industry-leading business process and Web-based technologies in pursuit of Third Party recovery sources such as commercial health insurance plans, Medicare, Casualty, Estate, Trust and Annuity plans which provide opportunities to save money by assisting state Medicaid programs in proactively identifying alternate insurance sources prior to Medicaid claims payment.
"The AHCA sought our services because they know and trust ACS and our management team. Additionally, we offered creative solutions that have been extremely successful in the commercial market, and thereby could provide tremendous savings opportunities for the Florida Medicaid program," said Christopher Deelsnyder, senior vice president and managing director, ACS Government Healthcare Solutions.
"Our extensive TPL product offering will revolutionize the government healthcare market by allowing Medicaid programs to proactively identify alternate insurance sources. These services are especially important in today's current environment where most states are facing major budget challenges," Deelsnyder said.
ACS' previous and current contracts with ACHA over the past 10 years include Medicaid Fiscal Agent services, Pharmacy Benefit Management, Enrollment Broker services, Choice Counseling services, Medication Therapy Management and the Complaint and Information Call Center.
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 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 approximately 63,000 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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