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Centers for Medicare & Medicaid Services Expands Use of BI
MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that the Centers for Medicare & Medicaid Services (CMS) has expanded its use of the MicroStrategy Business Intelligence Platform to support the new Medicare Managed Care System (MMCS). CMS has purchased MicroStrategy software licenses and maintenance services valued at approximately $645,000. The Centers for Medicare & Medicaid Services (CMS) is a federal agency within the U.S. Department of Health and Human Services. CMS is responsible for administering the Medicare Program and the joint Federal-State Medicaid Program. The new MMCS will help CMS to better meet current and future legislative requirements, accommodate anticipated growth, provide better service to beneficiaries, and facilitate CMS's monitoring of the Medicare Managed Care program and evaluation of policy decisions. MMCS will process enrollment and payment transactions for more than seven million Medicare beneficiaries who are enrolled in 427 Medicare managed care organizations (MCOs) -- computing payments that total over $3 billion per month. MicroStrategy's Business Intelligence Platform is being used to provide better insight into information available to CMS (e.g., utilization, quality of care, payment), thereby enabling improved management of the Medicare managed care program. "Federal and state government agencies are choosing MicroStrategy's industrial-strength platform to gain better visibility into their operations and to help make important strategic decisions," said MicroStrategy's COO Sanju Bansal. "We're particularly proud of our expanding relationship with the CMS, which provides vital services to citizens nationwide." MicroStrategy and the State of Tennessee's Department of Finance and Administration were honored last year with a DM Review World Class Solution Award for a MicroStrategy application that processes and analyzes millions of Tennessee financial records in an efficient manner. This MicroStrategy application has reduced costs and significantly improved the quality of financial information for decision-making by state officials.