FONT-SIZE Plus   Neg

HP Awarded $122 Million Contract Extension With North Carolina Health Dept.

HP Enterprise Services Thursday announced a $122 million agreement with the North Carolina Department of Health and Human Services for HP (HPQ) to continue providing Medicaid and mental health fiscal agent services for up to two years.

Under the extension, HP said it will continue managing North Carolina's Medicaid Management Information System, or MMIS, with business process outsourcing services. HP also is helping the state prepare for changes in the healthcare industry for Medicaid and mental health programs.

HP helps North Carolina manage its Medicaid and mental health programs by processing more than 80 million claims annually for more than 60,000 providers and 1.7 million recipients statewide.

In late 2011, HP assumed management of North Carolina Health Choice, the state's healthcare program for children, which includes 260,000 recipients and 35 million claims payments per year, totaling about $300 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Boeing Co. (BA) reported a profit for the third-quarter climbed 34 percent from the the previous year, reflecting overall solid execution on production programs and services, favorable tax items, and timing of aircraft deliveries. The company raised its 2016 financial and delivery guidance reflecting higher commercial deliveries and the impact of the tax basis adjustment. GlaxoSmithKline PLC (GSK.L, GSK) reported that its third-quarter core operating profit was 2.32 billion pounds, 13% higher in CER terms than in prior year. Core earnings per share for the quarter was up 12% CER to 32.0 pence. Total basic earnings per share was 16.6 pence, down 1% CER, primarily reflecting... Coca-Cola Co. (KO) reported a profit for the third-quarter that declined 28 percent from the prior year. Net revenues were down 7% from prior year, impacted by a foreign currency exchange headwind of 2% and a headwind from acquisitions, divestitures and structural items of 8%. The company reaffirmed organic revenue and comparable earnings per share outlook for fiscal year 2016.
comments powered by Disqus
Follow RTT