As per the latest information, IT services provider Infosys(NYSE:INFY) has bagged a one-year contract from the US District of Columbia to develop its health benefit exchange. If reports are to be believed, the contract is valued at $49.5 million (about Rs.285 crore).
The contract has been awarded to Infosys Public Services which is a US-based subsidiary of Infosys.
According to a spokesperson from Infosys, "The US District of Columbia awarded Infosys Public Services a one-year contract valued at $49.5 million to develop its new health benefit exchange, a crucial component of the Affordable Care Act.”
“Initially, Infosys is designing and implementing the new health benefit exchange and replacing the District's legacy Medicaid and eligibility systems with new technology that will provide a wide array of services in compliance with the new healthcare law,” the spokesperson further added.
The new system will allow the District of Columbia to more easily determine eligibility and enroll individuals, families, and small businesses for offering health benefits.
