Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
www.cgi.com/newsroom
New modernization initiative will evolve the agency's Health Plan Management System
FAIRFAX, Va., March 19, 2024 /CNW/ - CGI Federal Inc. (CGI), a wholly-owned U.S. operating subsidiary of CGI Inc. (TSX: GIB.A) (NYSE: GIB), has been awarded a single award, firm-fixed price contract by the Centers for Medicare & Medicaid Services (CMS) to help improve access to Medicare for millions of beneficiaries by modernizing the agency's Health Plan Management System (HPMS). By evolving the HPMS through advanced technologies, CGI will help CMS optimize the plan enrollment and compliance processes for more than 800 private health and drug plans currently participating in the Medicare Advantage and Medicare Part D (MAPD) programs. The contract includes a 1-year base period, as well as four 1-year option periods, for a total contract value of US$72M.
Read more at newswire.ca