MAXIMUS Awarded Task Orders Totaling $39.2 Million for Medicare Part D Nationwide Appeals.RESTON, Va. -- MAXIMUS (NYSE NYSE See: New York Stock Exchange :MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ), a leading provider of government services, announced today that it has been awarded two task orders totaling $39.2 million over three years by the U.S. Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS , Centers for Medicare & Medicaid Services (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ) to perform appeals for the Medicare prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, coverage program. The Medicare prescription drug coverage appeals work is the second award made to MAXIMUS under the newly instituted "Qualified Independent Contractor A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. " (QIC (Quarter Inch Cartridge) A magnetic tape technology introduced in the early 1980s that has been widely used for backup. It was the first popular tape format for PCs. ) program. Under these two task orders which cover the Eastern and Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century , MAXIMUS will conduct reconsiderations for enrollees who appeal a prescription drug plan's decision related to drug coverage. Under the QIC contract, the Company also performs appeals of traditional Medicare fee-for-service claim denials, covering all Fiscal Intermediary (Medicare Part A) denials for the Eastern half of the United States. Lynn Davenport, Chief Executive Officer for MAXIMUS, stated, "MAXIMUS continues to expand its partnership with the Centers for Medicare & Medicaid Services in support of their long-term initiatives, while at the same time increasing the Company's footprint in the Federal health market." In addition to these recent awards, MAXIMUS also conducts standard and expedited reconsiderations under the Medicare Advantage program and serves as the reconsideration contractor for the Medicare Prescription Drug Discount Card Program, and operates the U.S. Office of Personnel Management Federal Employee Health Benefits appeal project, as well as 30 State appeal programs. MAXIMUS is one of America's leading government services companies devoted to providing program management, consulting and information technology services. The Company has more than 5,100 employees located in more than 280 offices in the United States, Canada and Australia. In 1999, 2001, 2002, 2003, and 2004 MAXIMUS was selected by Forbes Magazine as one of the Best 200 Small Companies in America for that year. MAXIMUS was selected by Business Week Magazine as one of the 100 Best Hot Growth Small Companies in 1999, 2000, 2001, and 2002. Additionally, MAXIMUS is included in the Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. and the S&P SmallCap 600 Index. Statements that are not historical facts, including statements about the Company's confidence and strategies and the Company's expectations about revenues, results of operations, profitability, future contracts, market opportunities, market demand or acceptance of the Company's products are forward-looking statements that involve risks and uncertainties. These uncertainties could cause the Company's actual results to differ materially from those indicated by such forward-looking statements and include reliance on government clients; risks associated with government contracting; risks involved in managing government projects; legislative changes and political developments; opposition from government unions; challenges resulting from growth; adverse publicity; and legal, economic, and other risks detailed in Exhibit 99.1 to the Company's most recent Annual Report filed with the Securities and Exchange Commission (file number 001-12997). |
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