DRC Awarded $2.5 Million Contract to Assist the Commonwealth of Massachusetts Detect and Prevent Medicaid Fraud
17 Julho 2012 - 9:00AM
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, science and
technology solutions to federal and state governments, today
announced that it has been awarded a new, one-year $2.5 million
contract by the Commonwealth of Massachusetts' Executive Office of
Health and Human Services to strengthen the Office's capabilities
for detecting and preventing Medicaid fraud.
Under the terms of the contract, DRC will develop predictive
models, which detect improper payments. The solution will integrate
with the MassHealth claims processing system and other public and
Commonwealth data, have the capability to build models which
provide real-time transaction risk-scoring and referral strategy
capabilities, include workflow management and workstation tools
which systematically present information on claims selected by
predictive modeling, and enable analysts to review, investigate and
approve or deny claims in an automated manner. The system will be
based on Detica's NetReveal® software.
"Fraudulent Medicaid claims add unwarranted cost to the
healthcare system and can potentially expose patients to increased
health risks," said Jim Regan, DRC's chairman and chief executive
officer. "We are pleased to be assisting the Commonwealth of
Massachusetts in preventing fraud and reducing the cost, delay and
inconvenience investigations."
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable
performance improvements for government customers through the
delivery of innovative management consulting, engineering, science
and technology solutions. DRC offers the capabilities of a large
company and the responsiveness of a small company, backed by a
history of excellence and customer satisfaction. Founded in
1955, DRC is a publicly held corporation (Nasdaq:DRCO) and
maintains more than 25 offices nationwide with major offices in
Andover, Massachusetts and the Washington, D.C. region. For
more information please visit our website at www.drc.com.
Safe harbor statements under the Private Securities Litigation
Reform Act of 1995: Some statements contained or implied in this
news release, may be considered forward-looking statements, which
by their nature are uncertain. Consequently, actual results could
materially differ. For more detailed information concerning how
risks and uncertainties could affect the company's financial
results, please refer to DRC's most recent filings with the SEC.
The company assumes no obligation to update any forward-looking
information.
CONTACT: Investors:
Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media:
Duyen "Jen" Truong
Sage Communications (for DRC)
703.584.5645
dtruong@aboutsage.com
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