|By Business Wire
|November 26, 2012 11:00 AM EST
SRA International, Inc., a leading provider of technology and strategic
consulting services and solutions to government organizations, today
announced it has received a contract award to provide support for the
U.S. Department of Health and Human Services (HHS), Centers for Medicare
and Medicaid Services’ (CMS) Health Care Integrated General Ledger
Accounting System (HIGLAS). The five-year contract carries a value of
more than $92 million if all options are exercised.
HHS is the principal agency responsible for protecting the health of
U.S. Americans. As part of that mission, the CMS administers the
nation’s Medicare program, providing both health care assurance and
choice for aged and disabled citizens. Together with state governments,
CMS also administers the Medicaid program and the State Children's
Health Insurance Program (SCHIP).
“SRA is proud to support the Centers for Medicare and Medicaid
Services,” said Health Group Senior Vice President Paul Nedzbala. “This
is a mission-critical system for the CMS and the SRA team recognizes the
importance of this work in support of CMS’ mission to deliver healthcare
to millions of Americans.”
HIGLAS is the system of record for financial management and reporting,
and tracks each Medicare claim, financial transaction, grant and
administrative payment. As a mission-critical system, HIGLAS processes
more than five million transactions per day, accounting for over $700
billion in Fiscal Year 2011.
Under the contract award, SRA will provide operations and maintenance
support for CMS’s Oracle Federal Financials System, as well as support
for potential enhancements, including integration of business process
reengineering and new functionality mandated by the Affordable Care Act.
About SRA International, Inc.
For more than 30 years, SRA International has been dedicated to solving
complex mission and efficiency challenges for the U.S. government. From
our headquarters in Fairfax, Va., and from offices and locations around
the globe, our approximately 5,800 employees support government clients
in civilian, defense, health, intelligence, law enforcement and homeland
security agencies by delivering IT solutions and professional services
in such areas as information technology lifecycle services; cloud and
mobile computing; cyber security; solutions development and integration;
and, strategy development and organizational change management. We also
provide mission-specific domain expertise in areas such as energy and
environmental consulting; intelligence analysis; advanced research; and
bioinformatics. Our employees’ deep commitment to offering real value to
our clients and serving our communities is rooted in our ethic of
Honesty and Service®.
For more information on SRA International, please visit us at www.sra.com.
Any statements in this press release about future expectations,
plans, and prospects for SRA, including statements about the estimated
value of the contract and work to be performed, and other statements
containing the words “estimates,” “believes,” “anticipates,” “plans,”
“expects,” “will,” “could,” “intend,” “may,” “potential,” “should,”
“would” and similar expressions, constitute forward-looking statements
within the meaning of The Private Securities Litigation Reform Act of
1995. You should read statements that contain these words carefully
because they discuss our future expectations, contain projections of our
future results of operations or of our financial position, or state
other forward-looking information. Factors or risks that could cause our
actual results to differ materially from the results we anticipate
include, but are not limited to: (i) reduced spending levels and
changing budget priorities of our largest customer, the United States
federal government, which accounts for more than 98% of our revenue;
(ii) failure of the customer to fund a contract or exercise options to
extend contracts, or our inability to successfully execute awarded
contracts; (iii) the failure of congressional leaders to agree upon
further budget reductions as required by the debt ceiling compromise
triggering automatic across-the-board cuts beginning in 2013 to civil
and defense programs; (iv) failure to comply with complex U.S.
government procurement-related laws and other regulations, including but
not limited to, punitive damage liabilities under the False Claims Act
and other laws, and financial incentives under so-called “whistleblower”
statutes, awarding the whistleblower with a percentage of the recovery
if the claims are successfully waged; (v) possible delays or overturning
of our government contract awards due to bid protests by competitors or
loss of contract revenue or diminished opportunities based on the
existence of organizational conflicts of interest; (vi) failure to
comply with laws such as the Foreign Corrupt Practices Act or
regulations on government gratuities; (vii) failure to comply with
Federal Acquisition Regulations and Cost Accounting Standards or the
Fair Labor Standards Act; (viii) security threats, attacks or other
disruptions on our information infrastructure, and failure to comply
with complex network security and data privacy legal and contractual
obligations or to protect sensitive information; (ix) any violation of
third party intellectual rights; (x) adverse changes in federal
government practices; (xi) delays in the U.S. government adopting
appropriations necessary for program funding and future appropriation
uncertainties adversely impacting customer spending plans; (xii) intense
competition to win U.S. government contracts or recompetes and
commoditization of services we offer; (xiii) failure to obtain option
awards, task orders or funding under contracts, or inability to
successfully execute awarded contracts; (xiv) any adverse results of
audits and investigations conducted by the Defense Contract Audit Agency
or any of the Inspectors General for various agencies with which we
contract, including, without limitation, any determination that our
contractor business systems or contractor internal control systems are
deficient; and (xv) difficulties accurately estimating contract costs
and contract performance requirements; (xvi) challenges in attracting
and retaining key personnel or high-quality employees, particularly
those with security clearances.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. You should not
place undue reliance on these forward-looking statements. In addition,
the forward-looking statements included in this press release represent
our views as of Nov.26, 2012. We anticipate that subsequent events and
developments will cause our views to change. While we may elect to
update these forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so. These forward-looking
statements should not be relied upon as representing our views as of any
date subsequent to Nov. 26, 2012.
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