General Dynamics Awarded $95 Million by the Centers for Medicare and Medicaid Services
FAIRFAX, Va., May 13, 2011 /PRNewswire/ -- General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), has been awarded a task order to continue providing claims processing support to the Department of Health and Human Services' Centers for Medicare and Medicaid Services (CMS). The contract has a total potential value of $95 million over five years if all options are exercised.
General Dynamics will perform computer software services to support the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) system including maintenance, developmental enhancements and special projects. CMS uses General Dynamics Information Technology's ViPS Medicare System software to process approximately 240,000 claims received daily.
"General Dynamics' 30-year history supporting Medicare and DMEPOS claims has given us the extensive knowledge and established relationship to provide high-quality software releases for maximum efficiency and systems performance improvement," said Marcus Collier, senior vice president of General Dynamics Information Technology's Civilian and Homeland Security Solutions division. "We remain committed to consistently meeting CMS release schedules, streamlining business operations and to quick and accurate claims adjudication."
General Dynamics will continue to meet CMS' objectives by improving the efficiency and effectiveness of claims processing operations and for timely implementation of statutory and regulatory requirements. The company will issue software releases every quarter in response to CMS mandates.
General Dynamics is ISO 9001:2008 registered and CMMI maturity level 3 appraised in its support of this program. The company also recently achieved the first Healthcare Application Service Provider hosting environment Common Security Framework (CSF) certification from the Health Information Trust Alliance (HITRUST).
Tammy Kness, vice president in General Dynamics Information Technology's Health IT Solutions sector, said, "We will work to concurrently maintain the stability of the Medicare DMEPOS claims processing environment, extend the life of this mission critical CMS system, and reduce maintenance costs through continued automation and modernized processes."
For more information about General Dynamics Information Technology, please visit www.gdit.com.
More information about General Dynamics is available online at www.generaldynamics.com.
SOURCE General Dynamics Information Technology