CGI Group Inc. (NYSE: GIB; TSX: GIB.A), a leading provider of information technology and business process services, today announced it is delivering a turnkey Medicaid Electronic Health Record (EHR) Incentive Payment Program solution for the Texas Health and Human Services Commission (HHSC) in time to meet tight federal deadlines to launch program enrollment. The contract is valued at US$8 million for the initial two years, with 3 option years.
CGI is delivering its Medicaid Incentive360™ solution through a subcontract with HHSC’s Medicaid claims administrator, the Texas Medicaid and Healthcare Partnership (TMHP). CGI’s solution enables quick EHR incentive payment program compliance by providing all of the people, processes and technology needed for Medicaid agencies to administer and oversee their programs.
CGI’s Medicaid Incentive360 solution for Texas includes a comprehensive provider portal; program call center support, provider verification and payment distribution activities; and development of the provider appeals process. In addition, this solution gives Texas the foundation to spearhead a multi-state collaborative where all member states could benefit from a shared platform. CGI’s business services are based at its U.S. Center of Excellence in Troy, AL, and the technology solution is hosted at its Phoenix Data Center in Arizona.
“CGI’s solution allows Texas to be one of the first states in the country to enable eligible providers and hospitals to receive Medicaid EHR incentive payments in 2011,” said Holli Ploog, Vice-President, CGI. “Our Medicaid Incentive360 offering meets the program’s complex requirements and staffing needs, while providing accountability and control through service level agreements and reporting. We’re thrilled to partner with the State of Texas on this project.”
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in the United States, Canada, Europe and Asia Pacific. As at September 30, 2010, CGI's revenue was C$3.7 billion and its order backlog was C$13.3 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both, the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.
Forward- Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are “forward-looking information” within the meaning of Canadian securities laws. These statements and this information represent CGI’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI’s Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), the Company’s Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan,” and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information. You will find more information about the risks that could cause our actual results to differ significantly from our current expectations in the Risks and Uncertainties section.
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