hhs. The
contract was signed in a public ceremony on February 1, 2005 in
Ashkelon with Finance
Minister Benyamin Netanyahu and Industry, Trade
and Labor Minister Ehud Olmert.
MAXIMUS is
one of America's leading government services companies
devoted to providing program management, consulting
and information
technology services.
MAXIMUS was selected by Business Week Magazine as one of
the 100 Best
Hot Growth Small Companies in 1999, 2000, 2001, and 2002.
prepared effectiveness
The new contracts
awarded
represent a first step in CMS' initiatives designed to improve service
to beneficiaries and providers
, support the delivery of coordinated and
quality care, and provide greater administrative efficiency
and effectiveness
for fee-for-service Medicare.
For more information concerning the DME MAC
awards go to:
http://www.MAXIMUS Wins $15 Million Welfare-to-Work Contract in Israel
MAXIMUS
CEO, Lynn Davenport, stated "Our expertise and success
running similar programs in the Unites States
gave us a clear
advantage in winning this pilot program, which we hope will lead to
additional
opportunities.
Statements that are not historical facts, including statements
about the Company
's confidence and strategies and the Company's
expectations about revenues, results of operations
, profitability,
future contracts, market opportunities, market demand or acceptance of
the Company
's products are forward-looking statements that involve
risks and uncertainties.1997 evidence
The Centers for Medicare
+ Medicaid Services Awards AdminaStar Federal the
Jurisdiction B Durable Medical Equipment Medicare
Administrative Contract
INDIANAPOLIS, WellPoint, Inc.), Wisconsin; and through UniCare.
contract officials
com .cms. and more than 38 employment centers in Australia.contract generate
We look forward to working on the States
new
initiative.learned evidence
For more information about AdminaStar Federal, visit the
company Web site at
http://www. is the largest publicly traded commercial health benefits
company in terms of membership
in the United States. Israel's program goal is to enhance
family self-sufficiency, decrease welfare
dependency, and achieve cost
savings through caseload reductions.evidence perspectives
welfare 1997
The new DME
MACs were selected
through a competitive bidding process. Best value includes; cost effective solutions, technical
qualifications
, strong past performance, corporate responsibility, and an
understanding of the special requirements
involved in processing claims for
durable medical equipment.
october rationales
AdminaStar Federal
has a primary mission -- To Serve the Medicare
Community. If the project is successful,
the State
of Israel plans to extend the program nationwide.
Additionally, MAXIMUS is included in the Russell
2000 Index and the
S+P SmallCap 600 Index.innovative october
involved reform
The DME MAC awards represent the first of the full
and open Medicare
Administrative Contract (MAC) competitions awarded by the CMS.3 million persons
with Medicare and nearly 23,000
suppliers/providers in Illinois, Indiana, Kentucky, Michigan, Minnesota
, Ohio
and Wisconsin.
WellPoint, Inc.
Business Editors
RESTON, Va.
The recent
successes in welfare reform in the United States have
been closely monitored by nations around the
world. The Company has more than 5,200 employees located
in more than 230 offices in the United States
, Canada and Australia.evidence reform
Many governments
are now developing similar programs to those MAXIMUS successfully
operates throughout the U.1 to the Company's most recent Annual Report
filed with the Securities
and Exchange Commission (file number
001-12997).consideration generate
In 1999, 2001, 2002, and 2003 MAXIMUS was selected
by Forbes Magazine
as one of the Best 200 Small Companies in America for that year.reflect prepared
MAXIMUS expects
to reduce
cumulative caseloads by approximately one-third during the 24 months
of contract operations
. MAXIMUS has operated more than 50 employment
programs in the U.privatization perspectives
This mission mirrors the needs
of its customer, CMS, who awarded
the contracts to companies who offered the best overall value to
the
government.
Subsequently, the two companies have created Israel Workforce
Solutions, Ltd
.S.reflect innovative
WellPoint, Inc.wellpoint. IWS will provide employment case management, job
development, job readiness
training, job placement, and job retention,
as well as administer support services for 3,500 participants
currently receiving public assistance. We are eager to work cooperatively with the
State of Israel
to improve services to its clients as we apply the
expertise we have honed in the United States to
other governments
throughout the world.rationales privatization
This contract is for the administration of Medicare claims
from
suppliers of durable medical equipment, prosthetics, orthotics and supplies.adminastar. Additional
information about WellPoint is available at http://www."
The Israeli government studied various
welfare reform efforts
focusing primarily on the model developed by MAXIMUS in Wisconsin and
deployed
nationwide.managing evidence
is an
independent licensee of the Blue Cross Blue Shield Association and serves its
members
as the Blue Cross licensee for California; the Blue Cross and Blue
Shield licensee for Colorado,
Connecticut, Georgia, Indiana, Kentucky, Maine,
Missouri (excluding 30 counties in the Kansas City
area), Nevada, New
Hampshire, New York (as Blue Cross Blue Shield in 10 New York City
metropolitan
counties and as Blue Cross or Blue Cross Blue Shield in selected
upstate counties only), Ohio, Virginia
(excluding the Northern Virginia
suburbs of Washington, D.----MAXIMUS (NYSE:MMS), a
leading provider
of consulting, systems, and operations management
primarily to government, has been awarded a 30
-month, $15 million
contract from the State of Israel, the Ministry of Industry, Trade,
and Labor
, and the Ministry of Finance to pilot welfare-to-work
services for the Ashkelon and Sderot regions
south of Tel Aviv.privatization reform
WellPoint Subsidiary Wins Medicare Contract
MAXIMUS partnered with ORS, a Tel
Aviv human resource company with
more than 500 employer clients to develop the successful proposal
. MAXIMUS has helped more than 350,000 persons find
employment, a critical part in their efforts to
become
self-sufficient.S.reflect rationales
The new contract becomes effective July 2006.com .better lessons
These uncertainties
could cause the Company's
actual results to differ materially from those indicated by such
forward
-looking statements and include reliance on government clients;
risks associated with government contracting;
risks involved in
managing government projects; legislative changes and political
developments;
opposition from government unions; challenges resulting
from growth; adverse publicity; and legal
, economic, and other risks
detailed in Exhibit 99.innovative perspectives
(NYSE: WLP) announced today that its subsidiary
, AdminaStar Federal, one of
the nation's largest Medicare contractors, has been awarded the Durable
Medical Equipment Medicare Administrative Contract (DME MAC) for geographic
jurisdiction B (Illinois
, Indiana, Kentucky, Michigan, Minnesota, Ohio, and
Wisconsin).
About WellPoint, Inc.gov
/MedicareContractingReform/
effectiveness privatization
About AdminaStar Federal
The new DME MAC environment
offers AdminaStar Federal the opportunity to
serve more than 7.generate learned
C. (IWS), a special purpose company
, in which MAXIMUS
holds a controlling interest, incorporated in Israel to provide
services.privatization welfare
Moreover
, MAXIMUS has saved government agencies
millions of dollars in benefit expenditures and enhanced the
local
economy by reducing welfare dependency and enabling families to become
financially independent
.rationales privatization
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