Hawaii Selects Conduent to Process Medicaid Claims for Healthcare and Pharmacy Services

Rhea-AI Summary

Conduent (Nasdaq: CNDT) has been awarded a contract by the Med-QUEST Division of the Hawaii Department of Human Services to process claims for over 410,000 Medicaid beneficiaries. This contract extends Conduent's support since 2013 and will last up to four more years. Notably, Hawaii's Medicaid enrollment has surged by 25% since March 2020 due to COVID-19. Conduent processes approximately 155 million Medicaid claims annually across 14 states, demonstrating its significant role in government health services.

Positive

• Awarded contract to process claims for over 410,000 Medicaid beneficiaries.
• Extension of support for Hawaii's Medicaid program continues since 2013.
• Expected to support Medicaid amid a 25% increase in enrollment.

Negative

• None.

Company reviews claims and processes payments for Med-QUEST Division of the Hawaii Department of Human Services

Contract comes as Medicaid enrollment in Hawaii rose by approximately 25 percent, or more than 83,000 beneficiaries, since March 2020 amid the COVID-19 pandemic

FLORHAM PARK, N.J., May 11, 2021 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, today announced it has been selected by the Med-QUEST Division of the Hawaii Department of Human Services to process claims for medical service providers in support of more than 410,000 Medicaid beneficiaries. The company reviews claims and processes payments for state reimbursements of healthcare and pharmacy services.

The contract selection marks an extension of the support Conduent has provided Hawaii’s Medicaid program since 2013. As part of the new contract, the company will extend its support of the state for up to four more years.

Under the fee-for-services model of Med-QUEST — which stands for Quality, Universal Access, Efficiency, Sustainability and Transformation — the state pays healthcare and pharmacy providers directly for each covered service or subscription filled. Conduent reviews and processes the payments to providers on behalf of the state. The company will continue to support the agency as the level of Medicaid enrollment in Hawaii has risen by approximately 25 percent, or more than 83,000 beneficiaries, since March 2020 amid the COVID-19 pandemic.

“This is a critical time for all Medicaid providers and the beneficiaries who rely on them,” said Pat Costa, President, Government Healthcare at Conduent. “Our team of experienced professionals is proud to support the state and is committed to ensuring that claims and payments are accurately processed in a timely manner, assisting our agency clients and helping Hawaiians in need.”

With 50 years of experience in the government health and social services industry, Conduent supports more than 41 million customers annually with various government health programs and other eligibility services. In support of 14 states, including Hawaii, the company processes more than 155 million Medicaid claims every year.

About Conduent
Conduent delivers mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for its clients and the millions of people who count on them. Through process, technology and our diverse and dedicated associates, Conduent solutions and services automate workflows, improve efficiencies, reduce costs and enable revenue growth. It’s why most Fortune 100 companies and over 500 government entities depend on Conduent every day to manage their essential interactions and move their operations forward.

Conduent’s differentiated services and solutions improve experiences for millions of people every day, including three out of every four U.S. insured patients, 10 million employees who use its HR Services, and nearly 18 million benefits recipients. Conduent’s solutions deliver exceptional outcomes for its clients including $16 billion in savings from medical bill review of workers compensation claims, up to 40% efficiency increase in HR operations, up to 27% reduction in government benefits costs, up to 40% improvement in finance, accounting and procurement expense, and improved customer service interaction times by up to 20% with higher end-user satisfaction. Learn more at www.conduent.com.

Media Contact:
Neil Franz, Conduent, +1-301-820-4324, neil.franz@conduent.com

Investor Relations Contact:
Giles Goodburn, Conduent, +1-203-216-3546, giles.goodburn@conduent.com

Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

Conduent is a trademark of Conduent Incorporated in the United States and/or other countries.

FAQ

What recent contract did Conduent win related to Medicaid?

Conduent was awarded a contract by Hawaii's Med-QUEST Division to process claims for over 410,000 Medicaid beneficiaries.

What is the significance of the new Medicaid contract for Conduent?

The contract extends Conduent's support for Hawaii's Medicaid program for up to four more years, solidifying its role in processing claims amid increased enrollment.

How much has Medicaid enrollment risen in Hawaii during the pandemic?

Medicaid enrollment in Hawaii has risen by approximately 25%, adding more than 83,000 beneficiaries since March 2020.

How many Medicaid claims does Conduent process annually?

Conduent processes more than 155 million Medicaid claims each year across 14 states.