Highmark Health renews contract with CGI

Rhea-AI Summary

CGI (NYSE: GIB) has renewed its contract with Highmark Health, focusing on identifying and correcting billing errors in healthcare. This extension allows CGI to deploy its ProperPay solution to reduce waste and fraud in claims. Notably, CGI has previously aided in recovering over $3 billion in lost payments. Highmark values CGI's expertise for optimizing healthcare resources. CGI had a revenue of C$12.16 billion in fiscal 2020 and continues to strengthen partnerships with major healthcare payers.

Positive

• Contract renewal with Highmark Health enhances CGI's ongoing partnership.
• Deployment of ProperPay solution targets fraud reduction and payment recovery.
• CGI has recovered over $3 billion in lost payments, showcasing its effectiveness.

Negative

• None.

FAIRFAX, Va., Jan. 28, 2021 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) today announced the renewal of a contract with Highmark Health for services that will help the national payer and provider network identify, prevent and correct billing errors and overpayments. 

"We continue to value CGI's expertise and technology as we optimize resources toward the most effective care, support and services for patients, providers and communities across the country," said Highmark Vice President Kurt Spear. "We are excited about extending our partnership and leveraging the innovative capabilities offered by CGI's health care and financial experts." 

In support of Highmark, CGI will deploy its CGI ProperPay solution, designed to reduce waste, fraud and abuse in healthcare-related claims and billing. CGI's experience in healthcare financial recoveries includes engagement with Medicare, Medicaid and commercial payers that have recovered more than $3 billion in lost payments with the help of CGI technology. 

"We are pleased to continue our long-standing partnership with Highmark," said Bernie Mongilio, Senior Vice-President of CGI's Great Lakes operations. "Our comprehensive claims auditing and compliance solutions continue to make CGI the partner of choice for Highmark and other leading healthcare payers." 

About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 76,000 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2020 reported revenue is C$12.16 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

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SOURCE CGI

FAQ

What is the significance of CGI's contract renewal with Highmark Health?

The renewal signifies CGI's commitment to enhancing healthcare billing accuracy and fraud prevention, leveraging its Proven technology.

How much has CGI helped recover in lost payments for healthcare?

CGI has aided in recovering over $3 billion in lost payments through its advanced solutions.

What is the stock symbol for CGI?

CGI is listed on the NYSE under the symbol GIB.

When was the contract renewal with Highmark Health announced?

The contract renewal was announced on January 28, 2021.

What solution is CGI deploying for Highmark Health?

CGI is deploying the ProperPay solution to address billing errors and reduce fraud in healthcare.