Florida Awards HP $109 Million Medicaid Contract Extension
PALO ALTO, Calif. — HP Enterprise Services today announced the Florida Agency for Health Care Administration (AHCA) has signed a $109 million agreement for HP to continue as the state’s Medicaid program fiscal agent and to help support Florida through its transition to the Statewide Medicaid Managed Care program.
Under the two-year agreement, which extends the contract through June 2018, HP will continue managing Florida’s Medicaid Management Information System (MMIS). The system helps manage Medicaid benefits for more than 3.4 million Floridians with a sustainable infrastructure used for provider enrollment, claims and encounter processing, reporting, and audits.
“We’re in the midst of one of the largest transformations in history—one that requires states to have a flexible and stable technology backbone and processes in place to respond without interrupting service,” said Justin Senior, deputy secretary for Medicaid, Florida Agency for Health Care Administration. “We appreciate having HP as a partner because of its industry knowledge and experience working with Medicaid programs nationwide.”
HP processes more than 150 million claims worth more than $24 billion per year for approximately 114,000 Florida healthcare providers. HP also is helping the state lower costs and improve service by enabling providers to enroll online and eliminate paper remittance statements.
During the last contract term, HP implemented inpatient hospital claims using diagnosis-related groups rather than the traditional per diem method, a significant enhancement that improves service to participants as well as providers. HP also provides Florida’s decision support system that Medicaid staff uses for data analysis and to identify potential fraud and abuse.
“With a growing demand for Medicaid services, flexibility to quickly respond to regulatory changes while maintaining seamless service is vital,” said Susan Arthur, vice president, U.S. Health and Life Sciences Industry, HP Enterprise Services. “Over the last five years, the HP team has supported Florida’s Medicaid program with proven, stable technology that supports a quality, cost-effective program.”
HP is the nation’s largest provider of Medicaid and Medicare process management services, administering $140 billion in benefits a year. It serves as the fiscal agent or principal IT provider for Medicaid in 19 states. HP’s U.S. healthcare experience spans payer, government and life science communities.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP’s businesses; the competitive pressures faced by HP’s businesses; risks associated with executing HP’s strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third party suppliers and the distribution of HP’s products and services effectively; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; risks associated with HP’s international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2013 and HP’s other filings with the Securities and Exchange Commission, including HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
About HP Inc.
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.
© 2017 HP Inc. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.