JACKSONVILLE, Fla., Oct. 9, 2018 /PRNewswire/ -- Novitas Solutions, Inc. (Novitas) has been awarded a national contract bythe Centers for Medicare & Medicaid Services (CMS) to perform financial management activities for the Office of Financial Management (OFM) on the Exchange data produced by the Center for Consumer Information and Insurance Oversight (CCIIO). OFM serves
"I am extremely pleased that CMS has awarded this contract to Novitas and proud of the dedicated team of professionals that manage and run this scope of work. This win by Novitas demonstrates that we are a recognized leader in financial management services where attention to detail, well-developed reconciliation processes, and controls are critical to managing financial transactions totaling billions of dollars," CEO Harvey Dikter said.
Novitas will continue to perform financial management activities for the contract including financial accounting, reporting and debt management functions for certain CCIIO transactions such as reinsurance contributions, risk adjustment and risk corridor charges, and risk adjustment user fees.
About Novitas Solutions, Inc. (www.novitas-solutions.com)Novitas Solutions, Inc. is a wholly owned subsidiary of Diversified Service Options, Inc., doing business as GuideWell Source, a subsidiary of GuideWell Mutual Holding Corporation. Novitas provides administrative services processing for government-sponsored health care programs on behalf of the federal government and currently administers the Medicare Administrative Contractor (MAC) Jurisdiction L and Jurisdiction H contracts, which span 11 states and Washington D.C.
Media Contact: Laura Floodcommunications@guidewellsource.com
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SOURCE Novitas Solutions, Inc.
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