Stock Market Symbols
GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
Company helps advance healthcare to
leverage eGovernment best practices and domain expertise to
continue the digital transformation of CMS's Health Plan Management
System
FAIRFAX, VA, May 28, 2019 /CNW Telbec/ - CGI (NYSE: GIB) (TSX:
GIB.A) announced it has been awarded a five-year contract by the
Centers for Medicare and Medicaid Service (CMS) to enhance and
maintain an optimized cloud environment for the Health Plan
Management System (HPMS), CMS's central data repository for
Medicare Advantage and Part D health care plans.
The company will leverage its eGovernment best practices and
long-term partnership to help innovate delivery on behalf of
beneficiaries and ensure that the system is monitored and optimized
on a continuous basis. Worth over $60
million, the contract extends CGI's partnership with
HPMS—which dates back to the creation of the system in 2004—for an
additional five years and represents the first full and open
project awarded under CMS's Strategic Partners Acquisition
Readiness Contract (SPARC).
HPMS is a web-enabled, robust, portal for 14,500 users, fully
accessible to those with disabilities (Section 508-compliant). CGI
has historically delivered HPMS software development and operations
support that annually supports 5,000+ active health plans, 1,000+
contract applications and 400+ formularies. With a broad user base
comprised of internal staff, private health and drug plans,
pharmaceutical manufacturers, and more, AAHPMS acts as the main
conduit of health plan-related information into CMS. HPMS helps to
manage, monitor and track the annual lifecycle activities required
by CMS for the successful vetting, signup and execution of every
Medicare Advantage and Part D plan.
"CGI has a deep appreciation for the critical nature of HPMS and
we are proud to extend our partnership with CMS on the system,"
said CGI Federal President Tim
Hurlebaus. "We believe that our experience and proposed
strategies will continue to drive the technology transformation of
HPMS."
Under the agreement, CGI is tasked to build a robust and dynamic
reporting solution to ensure that 26 applications within HPMS
operate effectively and efficiently and optimize an Amazon Web
Services (AWS) cloud environment while simultaneously deploying
continuous integration and continuous delivery. Additionally, CGI
will help HPMS remain compliant with all federal requirements,
developing and deploying enhancements using both Agile and hybrid
iterative approaches. CGI will also modernize a subset of HPMS
applications to a more application programming interface
(API)/microservices-based architecture, using open source
technologies.
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI
Inc., dedicated to partnering with federal agencies to provide
solutions for defense, civilian, healthcare and intelligence
missions. Founded in 1976, CGI is among the largest independent IT
and business consulting services firms in the world. With
approximately 77,000 consultants and professionals across the
globe, CGI delivers an end-to-end portfolio of capabilities, from
IT and business consulting to systems integration, outsourcing
services and intellectual property solutions. CGI works with
clients through a local relationship model complemented by a global
delivery network that helps clients digitally transform their
organizations and accelerate results. With Fiscal 2018 reported
revenue of C$11.5 billion, CGI 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 harbors. All such
forward-looking information and statements are made and disclosed
in reliance upon the safe harbor 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 conditions, and our ability to negotiate new contracts;
risks related to our industry such as competition and our ability
to attract and retain qualified employees, 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, our ability to negotiate favorable contractual terms, to
deliver our services and to collect receivables, and the
reputational and financial risks attendant to cybersecurity
breaches and other incidents; 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.sedar.com) 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.
View original
content:http://www.prnewswire.com/news-releases/the-centers-for-medicare-and-medicaid-services-cms-selects-cgi-to-optimize-cloud-environment-enhance-and-maintain-medicare-advantage-and-part-d-data-repository-300857200.html
SOURCE CGI Inc.