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ACS Announces $18.5 Million Contract with Idaho Medicaid
Nov 20, 2007 (08:11 AM EST)
DALLAS, Nov. 20 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. today announced a contract with the Idaho Department of Health and Welfare to provide pharmacy benefits management (PBM) services for its Medicaid program. The contract has a length of up to 10 years and a total value of $18.5 million, if a three-year option is exercised.
This contract extends a relationship that originated in 2002, when ACS first implemented SmartPA(R), an automated prior authorization solution. ACS will provide several PBM solutions, including pharmacy claims processing, automated prior authorizations using SmartPA, help desk support, Prospective Drug Utilization Review, Retrospective Drug Utilization Review, federal and supplemental drug rebate administration using ACS' Drug Rebate Analysis and Management System, and reporting using CyberFormance(TM).
"We are pleased to have the opportunity to expand and continue our successful pharmacy benefits management partnership with the Department of Health and Welfare," said Christopher T. Deelsnyder, ACS senior vice president and managing director, Government Healthcare Solutions. "This partnership demonstrates that we work closely with our clients to help ensure the success of their vision for providing patients with the best care possible through innovative clinical and technology solutions."
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 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." 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.
CONTACT: Investor Relations, Jon Puckett, Vice President of Investor firstname.lastname@example.orgRelations, +1-214-841-8281, , or Media, Andy Wilson,Director of Corporate Communications, +1-214-841-8004,, both of Affiliated Computer Services, Inc.
Web site: http://www.acs-inc.com/