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Technology Stocks : Healtheon Corporation (HLTH) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (695)	5/18/2000 12:12:00 PM
From: bob zagorin	Respond to of 861

Thursday May 18, 8:00 am Eastern Time CSC Wins Contract to Redesign Medicare Managed Care System EL SEGUNDO, Calif., May 18 /PRNewswire/ -- Computer Sciences Corporation (NYSE: CSC - news) announced it has been awarded a contract by the Health Care Financing Administration (HCFA) to redesign the Medicare Managed Care System (MMCS). The cost plus, award fee contract is valued at $21.1 million if all options are exercised during the 50-month contract. The HCFA is responsible for administering the Medicare Program and the joint Federal-State Medicaid Program. CSC will provide analysis of current and future business requirements, develop system requirements, and design the system, architecture and databases. CSC will also perform integration and stress testing, conduct parallel processing, validate and implement the system, and provide training and post-implementation support. The MMCS is required to meet current and future legislative requirements, accommodate anticipated growth, provide better service to beneficiaries, and facilitate HCFA's monitoring of the Medicare Managed Care program and evaluation of policy decisions. The system regularly computes payments that total more than $3 billion per month. Work will be performed by CSC's Civil Group and involve approximately 50 software engineers, process analysts and system architects in support of the contract at CSC's offices in Baltimore, Md. ``The volume of data that the Managed Care System deals with is extraordinary,'' said Mike Laphen, president of CSC's Civil Group. ``We look forward to implementing and managing these systems in partnership with HCFA.'' Teaming with CSC are SAIC, San Diego, Calif., providing engineering and design support; Healtheon/WebMD, Atlanta, Ga., providing Web design support; and Maricom Systems Inc., Towson, Md., providing database engineering. Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. With 58,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service offerings, including e-business strategies and technologies; management and IT consulting; systems development and integration; application software; and IT and business process outsourcing. Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. Through numerous agreements with hardware and software technology firms, the company is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $9.4 billion for the twelve months ended March 31, 2000. Its headquarters are in El Segundo, California. For more information, visit the company's Web site at www.csc.com. SOURCE: Computer Sciences Corporation