Maximus Wins Contracts to Continue Medical Disability Exam Services for Veterans
Maximus (NYSE: MMS) announced that its subsidiary, Veterans Evaluation Services (VES), has been awarded new contracts by the Veterans Benefit Administration (VBA) to continue providing Medical Disability Exam (MDE) services for domestic Regions 1 through 4. The contracts, effective January 1, 2025, span the continental U.S. and include a one-year base with a single option year, addressing current and anticipated production volumes. These contracts follow a surge in demand that led to the early recompete of Regions 1 through 4. VES has continuously held MDE contracts since 2008 and also services Region 6 Pre-Discharge and Region 7 OCONUS contracts. The MDE program is important for the VBA's Compensation and Pension program, which determines veterans' disability benefits. Maximus' CEO Bruce Caswell and VES Managing Director Rob Nydam expressed pride in their team's dedication and commitment to enhancing veteran services. The VBA has seen a significant increase in disability claims since the 2022 PACT Act, further highlighting the importance of these contracts.
Maximus (NYSE: MMS) ha annunciato che la sua controllata, Veterans Evaluation Services (VES), ha ricevuto nuovi contratti dalla Veterans Benefit Administration (VBA) per continuare a fornire servizi di Medical Disability Exam (MDE) per le regioni americane da 1 a 4. I contratti, che entreranno in vigore il 1 gennaio 2025, coprono gli Stati Uniti continentali e includono una base di un anno con un'opzione per un secondo anno, affrontando i volumi di produzione attuali e previsti. Questi contratti seguono un aumento della domanda che ha portato alla rivalutazione anticipata delle regioni da 1 a 4. VES ha mantenuto continuativamente contratti MDE dal 2008 e gestisce anche i contratti Pre-Discharge della Regione 6 e quelli OCONUS della Regione 7. Il programma MDE è fondamentale per il programma di Compensazione e Pensioni della VBA, che determina i benefici per disabilità dei veterani. Il CEO di Maximus, Bruce Caswell, e il Direttore di VES, Rob Nydam, hanno espresso orgoglio per la dedizione e l'impegno del loro team nel migliorare i servizi per i veterani. La VBA ha registrato un significativo aumento delle richieste di disabilità a seguito del PACT Act del 2022, evidenziando ulteriormente l'importanza di questi contratti.
Maximus (NYSE: MMS) anunció que su filial, Veterans Evaluation Services (VES), ha sido adjudicada nuevos contratos por la Veterans Benefit Administration (VBA) para continuar brindando servicios de Examen de Discapacidad Médica (MDE) para las Regiones 1 a 4 en el territorio nacional. Los contratos, que entrarán en vigor el 1 de enero de 2025, abarcan los Estados Unidos continentales e incluyen un año base con una opción de un año adicional, abordando los volúmenes de producción actuales y previstos. Estos contratos siguen a un aumento en la demanda que llevó a la recompra anticipada de las Regiones 1 a 4. VES ha mantenido contratos MDE continuamente desde 2008 y también gestiona contratos Pre-Descarga de la Región 6 y contratos OCONUS de la Región 7. El programa MDE es importante para el programa de Compensación y Pensiones de la VBA, que determina los beneficios por discapacidad de los veteranos. El CEO de Maximus, Bruce Caswell, y el Director General de VES, Rob Nydam, expresaron su orgullo por la dedicación y el compromiso de su equipo para mejorar los servicios a los veteranos. La VBA ha visto un aumento significativo en las reclamaciones de discapacidad desde el PACT Act de 2022, lo que resalta aún más la importancia de estos contratos.
Maximus (NYSE: MMS)는 그 자회사인 Veterans Evaluation Services (VES)가 Veterans Benefit Administration (VBA)로부터 미국 내 1번에서 4번 지역의 의료 장애 평가(MDE) 서비스를 지속 제공하기 위한 새로운 계약을 체결했다고 발표했습니다. 이 계약은 2025년 1월 1일에 발효되며, 미국 본토를 포함하고 1년의 기본 기간과 1년의 옵션 기간이 있으며, 현재 및 예상되는 생산량을 충족합니다. 이러한 계약은 1번에서 4번 지역의 재경쟁으로 이어지는 수요 급증에 따른 것입니다. VES는 2008년부터 지속적으로 MDE 계약을 보유하고 있으며, 6번 지역의 전역 발방 및 7번 지역의 OCONUS 계약도 처리하고 있습니다. MDE 프로그램은 VBA의 보상 및 연금 프로그램에 있어 중요한 역할을 하며, 이는 재향군인의 장애 혜택을 결정하는 프로그램입니다. Maximus의 CEO인 Bruce Caswell과 VES의 전무 이사인 Rob Nydam은 재향군인 서비스를 향상시키기 위한 팀의 헌신과 노력에 자부심을 표명했습니다. VBA는 2022년 PACT 법안 이후 장애 청구의 급격한 증가를 경험하여 이러한 계약의 중요성을 더욱 강조했습니다.
Maximus (NYSE: MMS) a annoncé que sa filiale, Veterans Evaluation Services (VES), a obtenu de nouveaux contrats de la Veterans Benefit Administration (VBA) pour continuer à fournir des services d'Examen de Discapacités Médicales (MDE) pour les Régions 1 à 4 aux États-Unis. Les contrats, qui entreront en vigueur le 1er janvier 2025, couvrent les États-Unis continentaux et comprennent une base d'un an avec une option d'un an supplémentaire, prenant en compte les volumes de production actuels et prévus. Ces contrats font suite à une forte demande qui a conduit à une nouvelle mise en concurrence anticipée des Régions 1 à 4. VES a continuellement détenu des contrats MDE depuis 2008 et gère également les contrats de la Région 6 Pré-Décharge et les contrats OCONUS de la Région 7. Le programme MDE est essentiel pour le programme d'Indemnisation et de Pensions de la VBA, qui détermine les prestations d'invalidité des vétérans. Le PDG de Maximus, Bruce Caswell, et le Directeur Général de VES, Rob Nydam, ont exprimé leur fierté pour le dévouement et l'engagement de leur équipe à améliorer les services aux vétérans. La VBA a constaté une augmentation significative des demandes d'invalidité depuis l'adoption de la loi PACT de 2022, soulignant ainsi l'importance de ces contrats.
Maximus (NYSE: MMS) hat angekündigt, dass ihre Tochtergesellschaft, Veterans Evaluation Services (VES), neue Verträge von der Veterans Benefit Administration (VBA) erhalten hat, um weiterhin medizinische Behindertenprüfungen (MDE) für die geografischen Regionen 1 bis 4 in den USA durchzuführen. Die Verträge, die am 1. Januar 2025 in Kraft treten, erstrecken sich über das kontinentalen USA und umfassen eine Ein-Jahres-Basis mit einer einjährigen Optionsverlängerung, um die aktuellen und prognostizierten Produktionsmengen zu berücksichtigen. Diese Verträge folgen auf einen Anstieg der Nachfrage, der zu einer vorzeitigen Neuausschreibung der Regionen 1 bis 4 führte. VES hat seit 2008 kontinuierlich MDE-Verträge gehalten und bedient auch die Verträge der Region 6 vor der Entlassung sowie die Verträge in der Region 7 außerhalb der USA. Das MDE-Programm ist wichtig für das Entschädigungs- und Pensionsprogramm der VBA, das die Dienstinvaliditätsleistungen der Veteranen bestimmt. Der CEO von Maximus, Bruce Caswell, und der Geschäftsführer von VES, Rob Nydam, äußerten ihren Stolz auf das Engagement und die Hingabe ihres Teams zur Verbesserung der Dienstleistungen für Veteranen. Die VBA hat seit Inkrafttreten des PACT-Gesetzes im Jahr 2022 einen signifikanten Anstieg der Behindertenansprüche verzeichnet, was die Bedeutung dieser Verträge weiter unterstreicht.
- Maximus secured new contracts for MDE services, ensuring continued revenue through 2026.
- Contracts cover domestic Regions 1-4, spanning the continental U.S., indicating a broad service reach.
- VES has held MDE contracts continuously since 2008, showcasing long-term reliability and trust.
- The contracts include a one-year base with a single option year, providing stability and potential for extension.
- The contracts were recompeted early due to a surge in demand, suggesting potential challenges in managing increased volumes.
Insights
The re-award of Medical Disability Exam (MDE) contracts for Regions 1-4 to Maximus's VES division represents a substantial revenue stream continuation through 2026. The contracts' cumulative value is strategically significant, designed to handle both current volumes and anticipated growth in disability examinations. The early recompete was triggered by reaching volume caps ahead of schedule, indicating strong demand dynamics.
The timing is particularly advantageous given the implementation of the PACT Act, which has driven an unprecedented surge in disability claims. This surge creates a favorable business environment for Maximus, as increased claim volumes typically translate to higher revenue potential. The retention of all regional contracts (1-4, plus existing 6 and 7) demonstrates VES's strong market position in the veterans' medical examination sector.
For investors, this represents both revenue stability and growth potential. The contract structure, featuring a base year plus option year, provides predictable cash flows while allowing flexibility for volume adjustments. The company's continued involvement since 2008 and successful retention of contracts suggests strong operational execution and competitive advantages in this specialized market segment.
The operational scope of these MDE contracts is extensive, covering the entire continental United States through four regional divisions. The integration of VES since its 2021 acquisition by Maximus has proven successful, as evidenced by the contract retention and expansion capabilities. The emphasis on technological modernization and operational enhancements indicates potential for improved margins through efficiency gains.
Key operational metrics to monitor include the company's ability to handle the increased volume from PACT Act claims while maintaining service quality. The uninterrupted service provision during contract transition demonstrates strong operational execution capabilities. The company's investment in technology and modernization efforts suggests a forward-looking approach to scaling operations efficiently.
Veterans Benefit Administration (VBA) awards new contracts through 2026 to Veterans Evaluation Services (VES), a Maximus Company
TYSONS, Va.--(BUSINESS WIRE)--
Maximus (NYSE: MMS), a leading employer and provider of government services, today announced that VES, a Maximus Company, was re-awarded contracts for domestic Regions 1 through 4, collectively spanning the continental
VES has been a leading provider in Regions 1 through 4, in addition to the other two regions which remain under contract. As previously disclosed, Regions 1 through 4 were recompeted early given a surge in demand that reached volume caps in the contracts earlier than anticipated when they were originally awarded. Under these new contracts, which were effective January 1, 2025, VES will continue to provide uninterrupted service to the VBA.
The MDE program is a critical component of the VBA’s Compensation and Pension (C&P) program, which provides benefits to Veterans, their dependents, and survivors. Through the MDE program, the VBA receives medical evidence to determine the extent of permanent impairment, and thus the percentage of disability that defines the financial benefit a Veteran is awarded.
“I’m proud of our VES team for their dedication to the VBA’s mission and this award recognizes our ongoing successful partnership with the VBA,” remarked Bruce Caswell, President and CEO, Maximus. “We are proud to have earned the trust of the VBA as an effective and value-oriented partner while investing in ongoing operational enhancements to further improve the Veteran experience.”
“Our singular focus at VES is to provide the best services to Veterans and Service members through the MDE program so the VBA has everything they need to make accurate benefits determinations,” said Rob Nydam, Managing Director for VES Operations. “We are committed to continuing our work alongside the VBA to deliver high-quality services of vital importance to our nation’s Veterans. This is an exciting time for the program, as our collaboration with the VBA on technology and modernization presents an opportunity to enhance the superior services we’re providing our nation’s heroes.”
Acquired by Maximus in 2021, VES has held one or more MDE contracts continuously since 2008. In addition to the Regions 1 through 4 work, VES also performs MDEs on the Region 6 Pre-Discharge and Region 7 OCONUS (outside the continental
To learn more about the work VES does on behalf of Veterans, please visit: https://www.ves.com/
About Maximus
As a leading strategic partner to government, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Maximus delivers innovative business process management, impactful consulting services, and technology solutions that provide improved outcomes for the public and higher levels of productivity and efficiency of government-sponsored programs. For more information, visit maximus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250106167612/en/
Investor Relations
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Source: Maximus
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