HP Receives $176 Million Management Information System Deal

PALO ALTO, Calif. (AP) — Technology company Hewlett-Packard Co. said Tuesday it has received a five-year contract worth $176 million to become Nevada's Medicaid fiscal agent and to upgrade and manage the state's Medicaid management information system.

HP said it will also help the agency improve staff productivity and the delivery of services to Medicaid clients.

The agency is responsible for the Medicaid benefits of almost 300,000 people and processes about 12 million claims per year, HP said.

HP administers about $95 billion in benefits each year, the company said, making it the largest provider of Medicaid and Medicare process management services.