District of Columbia Chooses Infosys Public Services to Implement Its Health
Benefit Exchange Under Affordable Care Act
First Exchange to Complete Federal Review of Marketplace Exchange Portal
WASHINGTON, D.C., June 14, 2013: The U. S. District of Columbia awarded Infosys
Public Services, a U.S.-based subsidiary of Infosys, a global consulting and
technology leader, a one-year contract valued at $49.5 million to develop its
new health benefit exchange, a crucial component of the Affordable Care Act.
Infosys Public Services is the prime systems integrator of this healthcare
system transformation that will bring critically important benefits to nearly
one quarter-million District residents. Individuals, families, and small
businesses can purchase healthcare coverage through an online marketplace. The
Exchange, known as the District of Columbia Access System (DCAS), is a
state-of-the-art health and human services solution that will provide seamless
healthcare coverage while minimizing risks.
* As the prime systems integrator, Infosys Public Services is currently
designing and implementing the new health benefit exchange, and replacing
the District's legacy Medicaid and eligibility systems with new technology
that will provide a wide array of services in compliance with the new
* The District of Columbia and Infosys Public Services have successfully
completed a federal review of this web-based Marketplace Exchange portal,
which will allow consumers to access, research and choose affordable health
coverage. The District's Exchange is the first of the nation's state-based
marketplaces to gain federal approval in the second phase or "wave" of
* The new system will also deliver new case management capabilities that span
a wide range of the District's programs and agencies.
* DCAS will provide the District with an integrated eligibility system
supporting Medicaid, private health insurance and other health programs.
* The system includes key capabilities for providing health insurance to the
uninsured and underinsured, including:
+ managing qualified health plans from insurers
+ determining program eligibility
+ enabling shopping for qualified health plan from participating insurers
+ supporting enrollment in a specific plan, and
+ managing billing for premiums, aggregation of payments, and
facilitating payments to insurers.
* Infosys Public Services partnered with industry leaders and other
specialists in key functional areas to bring best-in-class solutions to the
District for integrated eligibility, plan management and shopping, billing,
aggregation and payment.
Eric Paternoster, Chief Executive Officer, Infosys Public Services:
"This new system will allow the District of Columbia to more easily determine
eligibility and enroll individuals, families, and small businesses. The system,
which leverages our healthcare and health insurance exchange expertise, can
also scale up to support new capabilities in the future. We look forward to
partnering with the District on this important healthcare program initiative."
* Infosys Public Services website - Health and Human Services here.
* District of Columbia - contract award announcement here.
* District of Columbia - Wave 2 Federal IT Systems Testing announcement here
About Infosys Public Services
Infosys Public Services, a U.S. based subsidiary of Infosys (NYSE:INFY), is a
leader in business consulting and technology solutions. We partner with
healthcare and public sector organizations to help them stay ahead of the
innovation curve. Our solutions, combined with execution excellence and proven
best practices, allow clients to optimize their operations today while building
tomorrow's enterprise. Visit www.infosyspublicservices.com to learn more.
Infosys is a global leader in business consulting and technology solutions. As
a proven partner focused on building tomorrow's enterprise, Infosys enables
clients in more than 30 countries to outperform the competition and stay ahead
of the innovation curve.
Ranked in the top tier of Forbes' 100 most innovative companies, Infosys - with
$7.4B in annual revenues and 150,000+ employees -- provides enterprises with
strategic insights on what lies ahead. We help enterprises transform and thrive
in a changing world through strategic consulting, operational leadership and
the co-creation of breakthrough solutions, including those in mobility,
sustainability, big data and cloud computing.
Visit www.infosys.com to see how Infosys (NYSE: INFY) is Building Tomorrow's
Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties
that could cause actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates, our ability
to manage growth, intense competition in IT services including those factors
which may affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration, restrictions on
immigration, industry segment concentration, our ability to manage our
international operations, reduced demand for technology in our key focus areas,
disruptions in telecommunication networks or system failures, our ability to
successfully complete and integrate potential acquisitions, liability for
damages on our service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized use of
our intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange Commission
filings including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2013 and on Form 6-K for the quarters ended June 30, 2012, September
30, 2012 and December 31, 2012.These filings are available at www.sec.gov.
Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the company's
filings with the Securities and Exchange Commission and our reports to
shareholders. The company does not undertake to update any forward-looking
statements that may be made from time to time by or on behalf of the company,
unless required by law.
For more information, please contact:
Infosys Public Relations
GolinHarris - Washington DC
Abhijith Karthikeya D
Phone: +91 80 41563373
Paul De Lara
Phone: +44 2075162748
-0- Jun/14/2013 13:44 GMT
Press spacebar to pause and continue. Press esc to stop.