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HP Gets $221 Mln, 5-year Medicaid Contract Extension From Wisconsin

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HP (HPQ: Quote) Friday said it has signed a five-year Medicaid contract extension with Wisconsin Department of Health Services for $221 million. Under this, HP will help Wisconsin continue to meet federal Medicaid requirements while helping to reduce costs, improve service and maintain program stability. HP's responsibilities as Wisconsin's fiscal agent will be to provide all systems work and management of a decision support system and data warehouse. The company said that it already manages the state's immunization registry program and will manage a local call center, financial and federal reporting, and support for the state's drug rebate and estate recovery programs.

Further, HP will conduct a system-wide technology refresh with HP Superdome 2 servers, helping the agency to address its workload cost effectively.

The company stated, "The HP team will continue to provide Wisconsin with a flexible, reliable and cost- effective MMIS that's ready for the future and helps enable the state to maintain its quality Medicaid program." The HP interChange MMIS is a multipayer system that has been implemented in 13 states over the past decade.

Friday, the stock closed at $25.21 on the NYSE.

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by RTT Staff Writer

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Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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