“Novitas Solutions, Inc. (Novitas) has been awarded a national contract by the Centers for Medicare & Medicaid Services (CMS) to perform financial management activities for the Office of Financial Management (OFM) on the Exchange data produced by the Center for Consumer Information and Insurance Oversight (CCIIO). OFM serves as the Chief Financial Officer and Comptroller for CMS. CCIIO is the CMS division responsible for implementing and operating the Health Insurance Exchanges throughout the United States and territories, as well as for various financial programs associated with the Exchanges. Novitas has held this contract since 2013.”
“Novitas will continue to perform financial management activities for the contract including financial accounting, reporting and debt management functions for certain CCIIO transactions such as reinsurance contributions, risk adjustment and risk corridor charges, and risk adjustment user fees.” Read the full press release here.
Source: Novitas Solutions awarded national contract – October 9, 2018. PR Newswire.
