DALLAS, May 19 /PRNewswire-FirstCall/ -- Affiliated Computer Services,
Inc.'s (NYSE: ACS) state Medicaid presence is growing to include 14 states
and Washington, D.C., following a contract agreement with the State of
Tennessee. The engagement with the Tennessee Bureau of TennCare for the
TennCare Management Information System (TCMIS) has a length of five years
and a total value of $156 million.
ACS will assume daily operations, data management, and ongoing systems
modifications for the TCMIS, used by the state for the management of its
Medicaid program.
"Tennessee has been a leader in Medicaid managed care and is expecting
ACS' expertise and innovation to continue TennCare's advancement as one of
the country's premier programs," said Christopher T. Deelsnyder, ACS senior
vice president and managing director, Government Healthcare Solutions. "We
are committed to our client's success and to building the enhancements that
will benefit all Tennesseans enrolled in TennCare."
ACS will also evaluate TennCare's current business processes and
collaboratively work with the bureau to recommend improvements while
performing multiple enhancement projects that will enable TennCare to
leverage technology in the most efficient manner. These enhancements
include the development of an enterprise project management office that
will help TennCare effectively measure, monitor and manage the numerous and
complex technology projects that will be occurring within the bureau.
"Using Tennessee's competitive bid process to help ensure TennCare
vendors bring added value at competitive prices is a cornerstone of our
program's operational success," said Darin Gordon, deputy commissioner,
Bureau of TennCare. "TennCare looks forward to working with ACS as they
assume their contracted responsibilities for an integral part of our
day-to-day operations."
ACS is partnering with Zycron, a Nashville-based minority-owned
information technology staffing and outsourcing company.
"Zycron is excited to partner with ACS in supporting the state in
meeting TennCare objectives," said Zycron Chief Executive Officer Darrell
Freeman. "Zycron's strong presence in the IT industry coupled with ACS'
international profile is the ideal solution for the state of Tennessee."
TennCare is Tennessee's Medicaid managed care program, serving 1.2
million Tennesseans through a network of contracted, managed care
companies. The core of its population consists of Medicaid-eligible people,
most of whom are low- income children and families, pregnant women,
disabled people, women needing treatment for breast or cervical cancer, or
persons requiring care in a nursing facility.
ACS is a national leader in state healthcare program administration,
offering a full spectrum of systems and complementary services through an
integrated solution, from care management solutions and child health
programs to pharmacy benefits management and traditional Medicaid fiscal
agent services. ACS supports more than 23 million program recipients and
processes nearly 550 million Medicaid healthcare claims annually,
representing close to $50 billion in provider payments. As the nation's
largest government program pharmacy benefits administrator, ACS serves 28
states, the District of Columbia, and the Department of Labor with drug
expenditures totaling more than $13 billion.
ACS, a global FORTUNE 500 company with 63,000 people supporting client
operations reaching more than 100 countries, provides business process
outsourcing and information technology solutions to world-class commercial
and government clients. The company's Class A common stock trades on the
New York Stock Exchange under the symbol "ACS." Learn more about ACS at
http://www.acs-inc.com.
The statements in this news release that do not directly relate to
historical facts constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements
are subject to numerous risks and uncertainties, many of which are outside
the Company's control. As such, no assurance can be given that the actual
events and results will not be materially different than the anticipated
results described in the forward-looking statements. Factors could cause
actual results to differ materially from such forward-looking statements.
For a description of these factors, see the Company's prior filings with
the Securities and Exchange Commission, including our most recent filing.
ACS disclaims any intention or obligation to revise any forward-looking
statements, whether as a result of new information, future event, or
otherwise.
SOURCE Affiliated Computer Services, Inc.
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Related links:
http://www.acs-inc.com/
CONTACT:
Investor Relations, Jon Puckett, Vice
President, Investor Relations, +1-214-841-8281,
jon.puckett@acs-inc.com, or Media Relations, Kevin Lightfoot,
Vice President, Corporate Communications, +1-214-841-8191,
kevin.lightfoot@acs-inc.com, both of Affiliated Computer
Services, Inc.
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