EDS has announced $100 million in business agreements with the states of Tennessee and New Hampshire to support Medicare, Medicaid and health insurance delivery. One-and-a-half million residents in the two states receive services from these EDS-supported government healthcare programmes.
Today`s contract announcements, terms of which were not disclosed:
* A five-year contract with TennCare, Tennessee`s state-run managed care programme that provides health insurance coverage to more than 1.4 million residents to include those who are uninsured or uninsurable. EDS will implement and maintain a new, state-of-the-art Medicaid/Managed Care system and provide other operational support functions. This project is funded under an agreement with the State of Tennessee.
* A two-year contract extension with the New Hampshire Department of Health Services to provide Title XIX fiscal management services for more than 80 000 New Hampshire residents.
Expanding market presence in government healthcare
EDS is a well-established market leader in providing information technology and support services to the government healthcare sector. EDS is the largest provider of US Medicaid and Medicare process management services, administering more than $80 billion in benefits for Medicaid and Medicare beneficiaries each year. Within the Medicaid and Medicare environments alone, EDS touches more than 56 million lives and is the veteran player in claims administration, with more than 35 years of experience.
EDS currently provides Medicaid administrative support services to 19 states. EDS` interchange Medicaid Management Information System (MMIS) has a user-friendly Web-based interface and provides process management services such as claims and financial processing, eligibility verification, pharmacy point-of-sale, third party recovery and provider relations. EDS also supports the Medicare programme in seven states.
Additionally, EDS provides services to help state programmes comply with federal guidelines under the Health Insurance Portability and Accountability Act (HIPAA). HIPAA requires healthcare organisations to standardise electronically transmitted financial and administrative transactions and implement security and privacy safeguards to protect sensitive patient-related data. Electronic processing eliminates much of the paperwork associated with government healthcare delivery.
"The expanded relationships announced today highlight the momentum EDS continues to gain in helping state and federal agencies improve access and delivery in government-funded healthcare with HIPAA-compliant technology," said Al Edmonds, president of EDS US Government Solutions.
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EDS, the leading global services company, provides strategy, implementation, business transformation and operational solutions for clients managing the business and technology complexities of the digital economy. EDS brings together the world`s best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers` trust and continuously seek improvement. EDS, with its management consulting subsidiary, AT Kearney, serves the world`s leading companies and governments in 60 countries. EDS reported revenues of $21.5 billion in 2001. The company`s stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn more at www.eds.com.