| To: Daniel G. DeBusschere who wrote (48) | 4/13/1997 11:16:00 PM | | From: Brian Murphy | | | |
Thursday April 10 11:39 AM EDT
Health Care Financing Administration Selects EDS
for National Medicare System
PLANO, Texas, April 10 /PRNewswire/ -- The Health Care Financing Administration (HCFA) has selected EDS to implement and maintain the national standard Medicare Part B (physician services) claims processing software system for use by all Medicare Part B carriers. EDS' Multi-Carrier System (MCS) will become the interim software
used prior to the availability of the Medicare Transaction System.
The MCS system is used by eight carriers that process Medicare Part B claims for beneficiaries in 17 states, encompassing one-third of the Medicare Part B claims processing volume. EDS will convert all Medicare Part B carriers to the MCS system by the end of 1998. Currently, there are 30 carriers processing varying numbers of
claims.
HCFA is consolidating the six claims processing systems used by Medicare Part B carriers to a single system, with similar efforts being undertaken for Part A processing (hospital services) and Durable Medical Equipment (DME) claims processing. This effort is part of HCFA's continued drive to increase standardization in the current
Medicare environment, contributing to overall operational and programmatic benefits including cost reduction.
"Our goal is to assist HCFA in the move to a standardized operating environment, thus cultivating increased efficiencies," said Dave Bryan, EDS vice president for the senior market. "The move to standardization is critical in light of the increasing complexity
within Medicare, exemplified by the exploding Medicare population growth, the increasing number of benefit alternatives, reduced administrative budgets and the difficulties in implementing consistent changes to the current number of systems."
EDS offers the health care market insight gained supporting a customer base that serves 115 million U.S. residents. More than 6,000 EDS employees serve the health care industry, offering such services as systems integration, decision support, electronic commerce and Internet services.
EDS is a leader in the global information services industry. The company's approximately 100,000 employees specialize in applying a range of ideas and technologies to help business and government customers improve their economics, products, services and relationships. EDS, which serves customers in 42 countries,
reported revenues of $14.4 billion in 1996. The company is independent and publicly owned, and its stock is traded on the New York Stock Exchange and the London Stock Exchange. EDS can be visited via the Internet at eds.com. SOURCE Electronic Data Systems
B. |
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| To: Daniel G. DeBusschere who wrote (48) | 4/13/1997 11:19:00 PM | | From: Brian Murphy | | | |
Friday April 11 4:09 PM EDT
EDS Earns Groundbreaking $600 Million DOE
Telecom Pact
HERNDON, Va., April 11 /PRNewswire/ -- EDS (NYSE: EDS) has been named the apparent winner of a groundbreaking five-year contract to provide streamlined telecommunication integration services for the U.S. Department of Energy nationwide.
The agency valued the contract at $600 million.
The Telecommunications Integrator Services (TELIS) contract marks the first attempt by a federal agency to outsource all of its communications and networking needs.
Under TELIS, the largest information technology contract in agency history, EDS will provide a range of services, from system design and engineering to hardware and software installation and maintenance. The contract includes financial incentives for EDS to exceed performance standards and identify and realize additional savings. EDS' partners include GTE, Lucent Technologies, Inc. and Macfadden & Associates,
Inc.
EDS valued its portion of the contract at about $350 million. The award will be confirmed after determination that EDS and its subcontractors are free of foreign ownership, a routine Department of Energy requirement.
Joe Howard, vice president of sales and marketing for EDS' Government Services unit, said: "TELIS is a win-win deal for both DOE and the American taxpayer because of the savings potential from combining 50 existing telecom contracts into one."
EDS' Government Services Group, based in Herndon, employs more than 4,000 people in the Washington, D.C., metropolitan area.
EDS is a leader in the global information services industry. The company's approximately 100,000 employees specialize in applying a range of ideas and technologies to help business and government customers improve their economics, products, services and customer relationships. EDS, which serves customers in 42 countries, reported revenues of $14.4 billion in 1996. The company is independent and publicly owned, and its stock is traded on the New York Stock Exchange and the
London Stock Exchange. EDS can be visited via the Internet at eds.com.
SOURCE EDS
B. |
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| To: Brian Murphy who wrote (50) | 4/15/1997 2:26:00 AM | | From: Daniel G. DeBusschere | | | | |
This is a good communications outsourcing deal for EDS. It should pay big dividends for future opportunities. An area where EDS can use the references and it appears that this plays to their stong suit - consolidation of comm assets. |
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| To: Daniel G. DeBusschere who wrote (52) | 5/2/1997 4:17:00 PM | | From: Brian Murphy | | | |
Hi Dan,
Sorry it took me so long to reply, but I wanted to be sure I was right.(GGG)
Actually the past couple days have been very nice to EDS. What are we at now, 37.00? I think. I still think there's a possibility to be in the 60 to 70 range by years' end. But that is JMO, and very speculative.
B. |
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| To: Brian Murphy who wrote (53) | 5/2/1997 4:57:00 PM | | From: Daniel G. DeBusschere | | | | |
It's going to take a while before EDS regains its historic credibility with the analysts. However, buyers seem to be in the hunt for a good deal on a world class company. I'm long, have great confidence in the employees and management and I am watching it like a hawk. |
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| To: Brian Murphy who wrote (55) | 12/21/1997 12:09:00 PM | | From: RavBruce | | | |
Is anyone still on this thread?
I wonder if anyone has any comments on the gradual rise
from the lows that EDS has made.
I have held the stock during the fall and am glad to see
it recover.
Any major news or is it just coming back towards a more
reasonable value?
Bruce |
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