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Unisys Corporation (NYSE:UIS) announced today that the Idaho Department of Health and Welfare has awarded the company two seven-year, firm-fixed price contracts to provide systems and operational services as fiscal agent for the state’s Medicaid program. The contracts consist of a two-year system design, development and implementation phase, followed by five years of operations totaling $116.5 million. There is an additional three year option, exercisable by mutual agreement, worth $51 million. If the option is exercised the total contract value is $167.5 million. Unisys bid on and won two of four Medicaid contracts recently procured by IDHW – the Medicaid Management Information System (MMIS) and the Electronic Document Management System. Unisys will design, develop and implement a state-of-the-art healthcare information management system for Idaho Medicaid. The new MMIS, Health PAS, is an innovative health care payer administration solution that is the only federally certified MMIS solution in the country comprised of commercial off-the-shelf software (COTS). The design, development, and implementation phase of the project is expected to take about two years, during which time Unisys will configure Health PAS in accordance with Idaho’s specifications, conduct testing to verify functionality, and implement the new system. “Health PAS’ user-friendly and agile construction is designed to allow the customer to execute changes or upgrades without impeding operations. This will enable Idaho to continue processing payments and benefits while configuring the system to perform even more tasks,” said Greg Baroni, president, Unisys Federal Systems. States’ challenges with Medicaid reform In response to Medicaid reform challenges, state Medicaid programs have moved away from costly, inefficient legacy systems to more cost-effective, flexible information technology solutions that better serve their constituencies. States are looking for solutions that handle electronic and Web-based transactions, integrate with multiple agencies, quickly handle changes and control and reduce costs. The Unisys Health PAS solution meets those challenges. Built to meet the principles of the federal Medicaid Information Technology Architecture standards, Unisys Health PAS helps states reduce administrative and operating costs, better manage and control benefit expenditures, and adhere to increasing security and privacy standards. About Unisys Unisys is a worldwide information technology services and solutions company. We provide consulting, systems integration, outsourcing and infrastructure services, combined with powerful enterprise server technology. We specialize in helping clients use information to create efficient, secure business operations that allow them to achieve their business goals. Our consultants and industry experts work with clients to understand their business challenges and create greater visibility into critical linkages throughout their operations. For more information, visit www.unisys.com. Information contained in our web site does not constitute part of this press release. Forward-Looking Statements Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Because agreements with government entities are terminable before the end of their terms and are subject to the availability of appropriated funds, the values in this release are not guaranteed. Additional discussion of factors that could affect Unisys future results is contained in periodic filings with the Securities and Exchange Commission
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