ICFI - CMS Awards ICF $50 Million in Digital Modernization Contract Extensions | Benzinga
Project will Extend Cloud Migration and Modernization of CMS' Healthcare Monitoring and Reporting Systems
RESTON, Va., Feb. 29, 2024 /PRNewswire/ -- The U.S. Department of Health and Human Services (HHS) awarded global consulting and technology services provider ICF* (NASDAQ:ICFI) two contract option-year extensions to implement the next phase of cloud migration and digital modernization of Centers for Medicare & Medicaid (CMS) systems that monitor and improve healthcare for Medicare and Medicaid beneficiaries. The contracts, which were awarded in the third quarter of 2023, have a combined value of $50 million and will allow ICF to bring critical modernized capabilities to nursing homes across the country.
Under the first agreement, ICF will continue to re-platform CMS' legacy Quality Improvement and Evaluation System onto the agency's cloud-based Internet Quality Improvement System (iQIES). The new system will considerably improve the quality, security, cost-effectiveness and usability of the platform, provide an intuitive user experience, and improve data transparency for regulators, policymakers, and consumers. The agreement has a value of