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Xerox Corp. (XRX) Receives $565M Contract from New York Dept. of Health to Update Medicaid Claims System

April 20, 2015 3:02 PM EDT

Xerox Corp. (NYSE: XRX) will work with the state of New York to update its Medicaid claims processing system to a next-generation technology platform that will help manage expanding Medicaid rolls. New York Medicaid currently serves over 6 million people.

Under a $564.9 million, five-year contract with the New York State Department of Health, Xerox will implement its... More