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New modernization initiative will evolve the
agency's Health Plan Management System
FAIRFAX,
Va., March 19, 2024 /PRNewswire/ - 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.
CGI will build upon the success of HPMS as a secure, reliable,
and high-performing system through modernization initiatives such
as integrating intelligent automation, leveraging cloud efficient
tools, delivering data analytics and applying Agile delivery
methodologies. CGI also will apply new and advanced technologies to
help meet increasing stakeholder expectations and enhance
cybersecurity to address new threat vectors.
"With more than two decades of experience in delivering complex
enterprise information technology projects for HPMS, we are proud
to extend our support to further advance the CMS HPMS mission and
help transform the accessibility of health plans for Medicare
beneficiaries through a secure system," said Ksheeraja Velangulam,
CGI Vice-President, Consulting Services, and Lead for CGI's HPMS
engagement. "Through our comprehensive healthcare industry
knowledge and deep technical expertise, we will deliver innovative
solutions that enable CMS to meet the evolving expectations of
program beneficiaries."
Under the contract, CGI will provide solutions for optimizing
the annual lifecycle activities required for the successful
execution of every MAPD plan as well as strategic business and
technical solutions to deliver a full-service website designed to
optimize the HPMS user experience. With more than 70 software
modules of varying sizes and complexity, HPMS supports critical
functions impacting 65 million Medicare beneficiaries enrolling
into MAPD health plans. HPMS also features a Plan Management
Dashboard, which organizes HPMS data and visually presents key
performance indicators for CMS and health plan executives.
"CGI understands the current challenges in operationalizing data
for the Medicare, Medicaid, and healthcare marketplace
communities," said Steve Sousa, CGI
Senior Vice-President & Health and Social Services Business
Unit lead. "As the need for evolving digital ecosystem
interoperability continues to grow, CGI supports CMS to reinvent
digital strategies and optimize operations to improve the
beneficiary journey and customer experience."
About CGI Federal Inc.
CGI Federal Inc. (CGI), a
wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to
supporting federal agencies to provide solutions for defense,
civilian, healthcare, justice, intelligence, and international
affairs missions. Founded in 1976, CGI Inc. is among the largest
independent IT and business consulting services firms in the world.
With 90,500 consultants and professionals across the globe, CGI
Inc. delivers an end-to-end portfolio of capabilities, from
strategic IT and business consulting to systems integration,
managed IT and business process services and intellectual property
solutions. CGI Inc. works with clients through a local relationship
model complemented by a global delivery network that helps clients
digitally transform their organizations and accelerate results. CGI
Inc. Fiscal 2023 reported revenue is C$14.30
billion and CGI Inc. shares are listed on the TSX (GIB.A)
and the NYSE (GIB). Learn more at cgi.com.
Forward-looking information and statements
This press
release contains "forward-looking information" within the meaning
of Canadian securities laws and "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and other applicable United States safe harbours. All such
forward-looking information and statements are made and disclosed
in reliance upon the safe harbour provisions of applicable Canadian
and United States securities laws.
Forward-looking information and statements include all information
and statements regarding CGI's intentions, plans, expectations,
beliefs, objectives, future performance, and strategy, as well as
any other information or statements that relate to future events or
circumstances and which do not directly and exclusively relate to
historical facts. Forward-looking information and statements often
but not always use words such as "believe", "estimate", "expect",
"intend", "anticipate", "foresee", "plan", "predict", "project",
"aim", "seek", "strive", "potential", "continue", "target", "may",
"might", "could", "should", and similar expressions and variations
thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI, and which give rise to the possibility
that actual results could differ materially from our expectations
expressed in, or implied by, such forward-looking information or
forward-looking statements. These risks and uncertainties include
but are not restricted to: risks related to the market such as the
level of business activity of our clients, which is affected by
economic and political conditions, additional external risks (such
as pandemics, armed conflict, climate-related issues and inflation)
and our ability to negotiate new contracts; risks related to our
industry such as competition and our ability to develop and expand
our services, to penetrate new markets, and to protect our
intellectual property rights; risks related to our business such as
risks associated with our growth strategy, including the
integration of new operations, financial and operational risks
inherent in worldwide operations, foreign exchange risks, income
tax laws and other tax programs, the termination, modification,
delay or suspension of our contractual agreements, our expectations
regarding future revenue resulting from bookings and backlog, our
ability to attract and retain qualified employees, to negotiate
favourable contractual terms, to deliver our services and to
collect receivables, to disclose, manage and implement
environmental, social and governance (ESG) initiatives and
standards, and to achieve ESG commitments and targets, including
without limitation, our commitment to net-zero carbon emissions by
2030, as well as the reputational and financial risks attendant to
cybersecurity breaches and other incidents, and financial risks
such as liquidity needs and requirements, maintenance of financial
ratios, interest rate fluctuations and the discontinuation of major
interest rate benchmarks and changes in creditworthiness and credit
ratings; as well as other risks identified or incorporated by
reference in this press release, in CGI's annual and quarterly
MD&A and in other documents that we make public, including our
filings with the Canadian Securities Administrators (on SEDAR+ at
www.sedarplus.ca) and the U.S. Securities and Exchange Commission
(on EDGAR at www.sec.gov). Unless otherwise stated, the
forward-looking information and statements contained in this press
release are made as of the date hereof and CGI disclaims any
intention or obligation to publicly update or revise any
forward-looking information or forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by applicable law. While we believe that our
assumptions on which these forward-looking information and
forward-looking statements are based were reasonable as at the date
of this press release, readers are cautioned not to place undue
reliance on these forward-looking information or statements.
Furthermore, readers are reminded that forward-looking information
and statements are presented for the sole purpose of assisting
investors and others in understanding our objectives, strategic
priorities and business outlook as well as our anticipated
operating environment. Readers are cautioned that such information
may not be appropriate for other purposes. Further information on
the risks that could cause our actual results to differ
significantly from our current expectations may be found in the
section titled Risk Environment of CGI's annual and
quarterly MD&A, which is incorporated by reference in this
cautionary statement. We also caution readers that the
above-mentioned risks and the risks disclosed in CGI's annual and
quarterly MD&A and other documents and filings are not the only
ones that could affect us. Additional risks and uncertainties not
currently known to us or that we currently deem to be immaterial
could also have a material adverse effect on our financial
position, financial performance, cash flows, business or
reputation.
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SOURCE CGI Inc.