The Centers for Medicare & Medicaid Services (CMS) has awarded CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Group Inc. (NYSE: GIB; TSX: GIB.A), a competitive, five-year task order worth US$55 million under CMS’s Enterprise System Development Indefinite-Delivery, Indefinite-Quantity (ID/IQ) contract. Under the contract, CGI will continue software development and operational support services for the Provider Enrollment Chain Ownership System (PECOS) including Health Information Technology for Economic and Clinical Health (HITECH) registration and attestation functionality.
PECOS supports Medicare’s provider and supplier enrollment process by capturing provider/supplier information. The system manages, tracks, and validates enrollment data collected in both paper form and electronically. As an IT cornerstone to CMS’ program integrity efforts, PECOS plays a key role in the agency’s effort to combat fraud. To date, more than 800,000 eligible health professionals have registered as Medicare providers via PECOS. Furthermore, CMS’s HITECH Registration and Attestation process automatically extracts secured provider data from PECOS to help identify eligibility for incentive payments for adopting Electronic Health Record (EHR) technology.
“CMS is on the leading edge of U.S. healthcare information technology initiatives. Their efforts to streamline enrollment practices have increased care options for Medicare’s 47 million beneficiaries,” said George Schindler, President, CGI Federal. “We are pleased to continue to bring our specialized knowledge of provider-facing applications to our long-term partnership with CMS.”
“CMS is driving forward American Recovery and Reinvestment Act (ARRA) mandates by establishing processes and systems to reward providers’ ‘meaningful use’ of EHR technology,” said Cheryl Campbell, Senior Vice-President, CGI. “With Medicare enrollment at 15 percent of the U.S. population and growing, CMS is revitalizing our nation’s healthcare system to deliver improved healthcare quality and value for many citizens.”
About CGI Federal Inc.
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Group Inc., dedicated to partnering with federal agencies to provide solutions for defense and civilian missions. 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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