WASHINGTON, April 21 /PRNewswire-FirstCall/ -- Harris
Corporation (NYSE: HRS) has received a three-year, $72 million contract from the Department of
Veterans Affairs (VA) to support the agency's national expansion of
its Consolidated Patient Account Center (CPAC) business model.
The contract contains one base-year with two one-year
options.
The work will improve billing and collection activities across
sixteen of VA's networks and 108 associated medical centers.
The VA is one of the world's largest healthcare delivery
organizations.
The CPAC expansion is creating regional patient account centers
that operate under centralized control and reflect industry best
practices. A key focus of this approach is to enhance billing
and collection from third parties, a complex process that can
involve many different healthcare and insurance providers.
The pilot Mid-Atlantic CPAC (MACPAC) project, based in
Asheville, North Carolina, was
implemented on schedule and within budget in 2006 by a two-member
team led by Patriot Technologies. The MACPAC has since
achieved an 18-percent increase in collections – a new benchmark
for revenue operations throughout the VA.
Harris acquired Patriot Technologies in November 2009, expanding its position as a
leading provider of integrated, interoperable healthcare
information technology solutions for the federal government
market.
"This contract reflects the successful blending of Patriot's
longtime technical experience supporting the VA's unique
requirements with the information security technology and systems
integration expertise of Harris," said Jim
Traficant, vice president of Harris Healthcare Solutions.
"The CPAC business model will bring significant cost-saving
efficiencies to the VA's Veterans Health Administration, and will
ultimately enhance patient care."
Harris Healthcare Solutions provides secure enterprise
intelligence solutions and services for government and commercial
customers — including systems integration, intelligent
infrastructure, advanced visualization and display, enterprise
digital content management and IT solutions. A leader in
federal healthcare IT integration, Harris products, systems and
services improve healthcare outcomes by assuring that critical
medical and benefits information is delivered with security and
privacy to the right person, on the right device, at the point of
care.
About Harris Corporation
Harris is an international communications and information
technology company serving government and commercial markets
worldwide. Headquartered in Melbourne, Florida, the company has
approximately $5 billion of annual
revenue and more than 15,000 employees — including nearly 7,000
engineers and scientists. Harris is dedicated to developing
best-in-class assured communications® products, systems, and
services. Additional information about Harris Corporation is
available at www.harris.com.
Forward-Looking Statement
This press release contains forward-looking statements that
reflect management's current expectations, assumptions and
estimates of future performance and economic conditions. Such
statements are made in reliance upon the safe harbor provisions of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The company cautions
investors that any forward-looking statements are subject to risks
and uncertainties that may cause actual results and future trends
to differ materially from those matters expressed in or implied by
such forward-looking statements. Statements about the
expected value of the program to Harris are forward-looking and
involve risks and uncertainties. Other factors that may
impact the company's results and forward-looking statement may be
disclosed in the company's filings with the SEC. Harris
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
SOURCE Harris Corporation