ACS Signs $44 Million Contract with State ... ( DALLAS Nov. 10 /- Affiliated Comp...)

ACS Signs $44 Million Contract with State of Florida

Date:11/10/2008

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
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