MAXIMUS Receives Five-Year Contract Extension for the California Healthy Families Program
RESTON, Va.--(BUSINESS WIRE)-- MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today announced that an extension of its Healthy Families contract was approved by the California's Managed Risk Medical Insurance Board (MRMIB) on September 15, 2010. The five-year extension will begin on January 1, 2011 and is valued at approximately $360.6 million.
Healthy Families is California's Children's Health Insurance Program (CHIP), the largest in the nation, serving 885,300 children. Under the contract extension, MAXIMUS will continue to provide administrative services to help uninsured children access health, dental and vision coverage. These administrative services include a customer contact center, program outreach, application intake, enrollment eligibility determination, and ongoing case maintenance and management.
"This contract extension reflects our successful partnership with MRMIB in administering the Healthy Families Programs since 2004 and achieving the best CHIP payment error rate measurement in the nation," commented MAXIMUS CEO Richard Montoni. "We look forward to continuing to support the MRMIB in its mission to safeguard the health of Californians by increasing access to affordable, comprehensive and quality health care."
MAXIMUS is a leading provider of administrative support for publicly funded health insurance programs, including CHIP administration for five states. The Company has an established presence in California, operating numerous health and human services programs, including a recently awarded contract to serve as the high-risk pool administrative agent for California's Pre-Existing Condition Insurance Plan.
About MAXIMUS
MAXIMUS is a leading provider of government services worldwide and is devoted to providing health and human services program management and consulting services to its clients. The Company has more than 6,500 employees located in more than 220 offices in the United States, Canada, Australia, the United Kingdom, and Israel. Additionally, MAXIMUS is included in the Russell 2000 Index and the S&P SmallCap 600 Index.
Source: MAXIMUS
Released December 8, 2010