MAXIMUS Simplifies Medicaid Program Management with DecisionPoint Solution
Aug 19 14
MAXIMUS announced that it has released a new set of solutions, called DecisionPoint(TM), to help states navigate the complexities of Medicaid Expansion. The formal debut of these solutions will begin at the Medicaid Enterprise Systems (MES) Conference in Denver, Colorado. DecisionPoint combines comprehensive data with proven processes and technology to empower states to make fast, accurate Medicaid program decisions. DecisionPoint is designed to efficiently close information gaps across all subsidy categories at every stage of the Medicaid lifecycle. The DecisionPoint solutions address areas such as program integrity, provider management services, premium assistance, informal dispute resolution, and business intelligence. The catalyst for the rapid growth in Medicaid applicants and beneficiaries is the implementation of the Affordable Care Act (ACA). The Act includes changes to eligibility requirements, along with increased public awareness that has attracted beneficiaries who were previously eligible, but had not applied. This surge in activity has resulted in large amounts of inaccurate and incomplete member data pouring into legacy state Medicaid systems that were not built to handle today's increased volumes or updated requirements. To help Medicaid Directors scale to meet current demand and maintain long-term program sustainability, DecisionPoint from MAXIMUS delivers a set of solutions for various stages of the Medicaid lifecycle: - DecisionPoint for Program Integrity ensures that rapidly growing member populations are accurately placed in the correct Medicaid categories. Leveraging the best available data from multiple sources, the solution aggregates, validates and analyzes information to deliver a comprehensive view of each applicant. MAXIMUS experts apply proven processes to the data, helping state eligibility staff quickly make the right decisions at the right time. - DecisionPoint for Provider Management Services streamlines provider screening and enrollment processes to ensure states have a trusted, credentialed source of providers. It also enables states to implement a new slate of services that support managed care, but stand apart from legacy Medicaid Management Information Systems (MMIS) that are unable to accommodate the new volume of applicants and the changing requirements. MAXIMUS experts partner with states to allow for timely, informed decisions throughout the provider continuum. - DecisionPoint for Premium Assistance helps states design and implement Medicaid programs that encourage consumers to make informed choices through the use of Health Insurance Premium Programs (HIPP). By combining improved engagement during enrollment with simplified processes for premium management, DecisionPoint for Premium Assistance lessens the burdens on employers, streamlines the facilitation of payments, and leads to outcome-driven decision-making that benefits eligible citizens. - DecisionPoint for Informal Dispute Resolution helps states address an applicant's eligibility concerns as they arise, delivering independent engagement services that lead to quick resolutions. Highly trained MAXIMUS experts help citizens understand eligibility criteria early in the process, resolving issues before they escalate into costly hearings. If disputes cannot be resolved through early intervention, DecisionPoint for Informal Dispute Resolution automates the process of case formulation, enabling states to navigate the fair-hearing process quickly and efficiently. - The DecisionPoint Business Intelligence (BI) Engine is a cloud-based IT solution that provides states with the insight needed to make accurate, timely Medicaid program decisions while maximizing resources. The DecisionPoint BI Engine uses sophisticated analytics to automate data collection and analysis from multiple sources, ensuring a comprehensive view of current beneficiaries and new applicants. States can access real-time and predictive views of their entire operations through a single intuitive dashboard, enabling simplified insight into project status, performance metrics and staffing optimization.
MAXIMUS, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Reiterates Earnings Guidance for the Fiscal Year 2014
Aug 7 14
MAXIMUS, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, revenue was $419,899,000 against $334,323,000 for the same period a year ago. Operating income from continuing operations was $55,258,000 against $44,387,000 for the same period a year ago. Income from continuing operations before income taxes was $55,267,000 against $45,088,000 for the same period a year ago. Income from continuing operations was $34,041,000 against $28,036,000 for the same period a year ago. Net income was $34,138,000 against $28,100,000 for the same period a year ago. Diluted earnings per share were $0.49 against $0.40 for the same period a year ago. Cash provided by operating activities was $88,690,000 against $49,635,000 for the same period a year ago. Purchases of property and equipment were $8,873,000 against $11,518,000 for the same period a year ago. Capitalized software costs were $1,860,000 against $5,412,000 for the same period a year ago. Adjusted diluted EPS from continuing operations was $0.49 against $0.41 for the same period a year ago. Free cash flow from continuing operations was $78,001,000 against $32,738,000 for the same period a year ago.
For the nine months, revenue was $1,265,506,000 against $946,940,000 for the same period a year ago. Operating income from continuing operations was $173,514,000 against $129,140,000 for the same period a year ago. Income from continuing operations before income taxes was $174,427,000 against $131,584,000 for the same period a year ago. Income from continuing operations was $109,003,000 against $81,533,000 for the same period a year ago. Net income was $109,209,000 against $81,105,000 for the same period a year ago. Diluted earnings per share were $1.57 against $1.16 for the same period a year ago. Cash provided by operating activities was $165,150,000 against $88,575,000 for the same period a year ago. Purchases of property and equipment were $18,389,000 against $24,869,000 for the same period a year ago. Capitalized software costs were $9,177,000 against $13,652,000 for the same period a year ago. Free cash flow from continuing operations was $137,732,000 against $50,641,000 for the same period a year ago.
The company is reiterating its fiscal year 2014 revenue and earnings guidance with a bias towards the upper end of the ranges. The company continues to expect its fiscal year 2014 revenue to range between $1.68 billion and $1.73 billion and diluted earnings per share from continuing operations to range between $2.00 and $2.10.
MAXIMUS, Inc. Appoints Bruce Caswell as President, Effective October 1, 2014
Jul 31 14
MAXIMUS, Inc. announced the appointment of Bruce Caswell as the company's President. In this role, Mr. Caswell will be responsible for the operational execution and organic growth of the company, which is comprised of the Health Services and Human Services segments. Mr. Caswell will continue to report to Chief Executive Officer Richard Montoni. His appointment is effective October 1, 2014. Mr. Caswell will continue to serve as President of the Health Services Segment. In this role, he leads the company's global health operations, which provide administrative, program management, and operational support for a variety of health programs.