PALO ALTO, Calif., March 22, 2011
HP Enterprise Services today announced a five-year, $176 million services agreement with the Nevada Division of Health Care Financing and Policy to strengthen Medicaid operations and help position the state for healthcare reform.
The new agreement calls for HP to become Nevada's Medicaid fiscal agent and to upgrade and manage the state's Medicaid Management Information System. HP also will help the agency enhance service delivery to Medicaid clients and improve staff productivity.
The agency is responsible for Medicaid benefits for almost 300,000 Nevada residents and processes about 12 million Medicaid claims per year.
"We look to HP for a smooth transition to more effectively administer benefits to our residents and provide excellent policy guidance to help us prepare for and manage challenges such as healthcare reform," said Charles Duarte, Medicaid Administrator, Nevada. "We selected HP based on its deep knowledge and experience to help us enhance our Medicaid program operations to benefit Nevada's Medicaid clients, healthcare providers and other stakeholders."
HP administers $95 billion in benefits a year and serves as fiscal agent or principal IT provider to 21 other Medicaid programs. As the nation's largest provider of Medicaid and Medicare process management services, HP has the technology experience to deliver a smooth system takeover and transition for Nevada healthcare providers. HP's global healthcare experience spans payer, provider, government and life science communities.
HP will process medical and pharmacy claims as well as review and process prior authorization requests in addition to utilization management and personal care reviews for the state. HP also will assist the Medicaid program in connecting healthcare providers with critical health information to improve overall care.
In addition, the company will aid the state in detecting potential fraud and abuse cases while improving the efficiency of claims processing. HP will add new decision-support systems and services, enabling better decision making through more accurate and up-to-date information. All of these steps are designed to lower the risks, costs and challenges associated with the state's Medicaid program.
"All states are preparing for demands required by new healthcare reform legislation," said Susan Arthur, vice president, U.S. Healthcare Industry, HP Enterprise Services. "HP will build on our deep industry, applications and infrastructure expertise as well as experience from supporting 21 other states' Medicaid programs to ensure Nevada can deliver quality healthcare to Medicaid clients while continuing to remain responsible stewards of state revenues."
About the Nevada Division of Health Care Financing and Policy
The Nevada Division of Health Care Financing and Policy provides medical benefits through the Medicaid and Children's Health Insurance Program (CHIP), called Nevada Check Up. These programs spend $1.5 billion annually on more than 300,000 low-income Nevadans, including families, children, the elderly and disabled. www.dhcfp.nv.gov
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2011 and HP's other filings with the Securities and Exchange Commission, including but not limited to HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2011 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
Bill Ritz, HP: [email protected]
Chase Skinner, Burson-Marsteller for HP: [email protected]