ICF Selected For $88M, ~5-Year Agreement To Support CMS Digital Modernization Work
Portfolio Pulse from Benzinga Newsdesk
ICF (NASDAQ:ICFI) has been awarded an $88 million, nearly five-year subcontract to support the Centers for Medicare and Medicaid Services (CMS) in modernizing the Quality Payment Program (QPP). This contract aims to optimize healthcare delivery and patient care through cloud data migration.
July 18, 2024 | 8:08 pm
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ICF has secured an $88 million, nearly five-year subcontract to support CMS in modernizing the Quality Payment Program (QPP). This contract is expected to enhance healthcare delivery and patient care through cloud data migration.
The $88 million contract is a significant win for ICF, providing a steady revenue stream over nearly five years. The focus on modernizing the Quality Payment Program (QPP) and optimizing healthcare delivery through cloud data migration aligns with ICF's expertise in consulting and technology services, likely boosting investor confidence and positively impacting the stock price in the short term.
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