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Maximus, Inc. (MMS) has been a leader in providing business process and technology solutions since 1975, with a mission of 'helping government serve the people.' Employing over 16,000 professionals, Maximus operates across North America, Australia, the United Kingdom, and Saudi Arabia, delivering high-quality services to government agencies.
The company is renowned for its expertise in managing government health and human services programs. It plays a pivotal role in enhancing the efficiency, cost-effectiveness, and quality of government-sponsored benefit programs, including Medicaid, Medicare, Health Insurance BC, and child support programs. A substantial portion of Maximus' revenue is derived from long-term contractual agreements with global governments, with the U.S. Federal Services segment being the largest contributor.
In recent achievements, Maximus has demonstrated its commitment to social responsibility through various community service projects. For instance, during GivingTuesday, Maximus employees volunteered their time and resources to support the Catherine McAuley Center, helping women and children transition from homelessness to independent living. This initiative is part of a broader effort led by the Maximus Foundation, an independent nonprofit organization established by the Maximus Board of Directors in 2000.
The Maximus Foundation focuses on grantmaking and corporate-wide humanitarian efforts, empowering employees to make a difference in their communities. Employee donors pool their charitable contributions through the Foundation, which doubles their impact via Maximus' dollar-for-dollar matching pledge. This commitment to social good is evident in the support provided to initiatives like the Atlanta Mission, which addresses homelessness by offering comprehensive services to individuals and families in need.
With a forward-looking approach, Maximus continues to innovate and expand its impact. The Foundation's 2023 Annual Report highlights a year of significant achievements and looks ahead to new grantmaking strategies for 2025, aiming for a more equitable and inclusive future. Through its dedicated efforts, Maximus not only serves government clients but also plays a crucial role in improving the overall wellbeing of communities worldwide.
Stay updated with the latest developments, projects, and news from Maximus by visiting their official website and following their social media channels.
A team of Maximus employees volunteered at the Ronald McDonald House in Richmond, Virginia, preparing meals for families with children receiving medical care at nearby hospitals. Volunteers Kristy Jones and Brandi Goode shared their experiences helping local families, including supporting a mother whose daughter needed urgent heart surgery. The initiative aligns with Maximus's role in Virginia's Cardinal Care Program, which provides healthcare coverage to over a million Virginians including children, pregnant women, adults, and people with disabilities.
Maximus (NYSE: MMS) has been awarded a spot on a $300 million Blanket Purchase Agreement (BPA) with the Internal Revenue Service (IRS) for Non-IT Consulting Services. The multiple-award BPA has a five-year period of performance and allows Maximus to compete for task orders. Services include Strategic Planning, Strategy Initiatives, Business Process Improvement, Regulatory Compliance, Concept of Operations (CONOPS), and Program Integration Support across the Taxpayer Services Organization.
The BPA focuses on developing operational plans aligned with the IRS Strategic Plan through 2031. Maximus, with its 30-year history of supporting the IRS, will assist in identifying, developing, and implementing the agency's modernization needs and improving services to taxpayers. This agreement expands Maximus' role to directly support the business organization at the IRS, driving greater business value and continuous improvement of the taxpayer experience.
Maximus has been recognized on Indeed's 2024 Work Wellbeing 100 list, which highlights top public companies with highly-rated wellness programs. The list was compiled based on a survey of approximately one million employees, conducted in partnership with the University of Oxford Wellbeing Research Centre.
Michelle Link, Chief Human Resources Officer at Maximus, emphasized the company's commitment to employee wellbeing, noting its positive impact on employee happiness, retention, and overall business success. Since 2022, Maximus has introduced several new health and wellness initiatives, including:
- Bloom digital physical therapy for women's pelvic floor health
- Building Healthy Families program with financial incentives for pregnant employees
- Wellbeing Coach Total offering personalized guidance and a digital app
- LiveHealth Online Coaching for weight management, blood pressure control, and tobacco cessation
These programs are part of Maximus' ongoing efforts to enhance employee benefits and support overall wellbeing.
Maximus (NYSE: MMS), a leading global provider of government services, has announced its schedule for the Fiscal 2024 Fourth Quarter and Year End Conference Call. The company will release its financial results for the three months and year ended September 30, 2024, after market close on Wednesday, November 20. A conference call will follow on Thursday, November 21, at 9:00 a.m. ET.
Shareholders are invited to submit questions for management by emailing IR@maximus.com up to one hour before the call. The call is open to the public and can be accessed via webcast or phone. For those unable to attend live, a recording of the webcast will be available on investor.maximus.com.
Maximus has released its 2023 Employee Engagement and Company Culture report, highlighting significant achievements in evolving and strengthening its workplace culture. Key points include:
- A 5% increase in the overall favorable engagement index from 2022 to 2023
- Implementation of the Moving Our Talent Forward initiative to support employee skill development and career mobility
- Launch of Continuous Performance Management and a tuition reimbursement program
- Adoption of generative AI tools by the Corporate Communications team
- Success of Maximus' social media advocacy program
- Introduction of the inaugural Values Icon Awards
The company remains committed to creating a positive, engaging, and inclusive work environment, focusing on values such as accountability, collaboration, compassion, customer focus, innovation, and respect.
Maximus (NYSE: MMS), a global leader in government services, has announced a quarterly cash dividend of $0.30 per share. The dividend was approved by the company's Board of Directors on October 5, 2024. Shareholders of record as of November 15, 2024, will be eligible to receive the dividend, which is scheduled for payment on November 30, 2024. This announcement demonstrates Maximus's commitment to returning value to its shareholders through regular dividend distributions.
Maximus's internal diversity, equity, and inclusion (DE&I) podcast, ERGs Unplugged, released its fifth episode featuring members of ¡MÁXIMO, the company's Hispanic/Latinx Employee Resource Group (ERG). Three members shared their experiences:
Luz Castillo, a first-generation immigrant, found the ERG vital for connecting with colleagues of similar backgrounds and navigating corporate America. Jesse Rodriguez, a member and co-chair, felt more connected during remote work, meeting new colleagues across the company. Gisella Lamkin, an 18-year Maximus employee, continues to learn and gain a sense of belonging through the ERG.
The podcast highlights the importance of ERGs in fostering inclusivity and professional growth at Maximus. For more information on Maximus's commitment to DE&I, visit Maximus.com/DEI.
Maximus has been recognized as one of TIME's World's Best Companies for 2024, reflecting the exceptional work of its employees. The ranking is based on three key dimensions: employee satisfaction, revenue growth, and sustainability (ESG). Maximus emphasizes its commitment to supporting employees, environmental sustainability, and continued growth. The company views this achievement as a testament to its strong community and dedication to its mission.
The World's Best Companies 2024 ranking involved surveys in over 50 countries, with data from approximately 170,000 participants. Companies were required to have a minimum revenue of $100 million in 2023 and show positive growth from 2021 to 2023. Maximus sees this recognition as a milestone in its journey and remains focused on employee development, diversity, inclusion, and making a positive environmental impact.
Maximus (NYSE: MMS) has been awarded a five-year, $40 million task order by the Internal Revenue Service (IRS) to deliver end-to-end development and modernization services for the IRS Enterprise Data Platform (EDP). This is the second task order for Maximus through the Enterprise Development, Operations Services (EDOS) contract, following an $87 million task order in June for modernizing the IRS Suite of Financial Systems.
Maximus will provide expertise to transform and transition current data and business intelligence processing to cloud-based Platform-as-a-Service (PaaS). The EDP platform aims to deliver secure data access across the IRS, facilitating the use of emerging technology and driving cost savings. This task order supports the IRS Data Delivery Services Domain, overseeing data quality with scalable, repeatable processes.
Maximus (NYSE: MMS) has been awarded a five-year, $263 million contract by the Pennsylvania Department of Human Services to provide enhanced application and enrollment services for long-term services and supports. This contract extends Maximus's role as an independent enrollment broker, which it has held since 2016. The company will assist eligible Pennsylvania residents in receiving home and community-based services, focusing on seniors and people with disabilities.
Key aspects of the contract include:
- Streamlining the Medicaid waiver application process
- Implementing digital solutions to improve service efficiency
- Providing choice counseling for plan and provider selection
- Supporting applicants with appeals and grievances processes
Maximus has previously reduced the application process from 90 to 26 days and maintains a 98% customer satisfaction score.
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