Updated: March 24, 2017 TXHD Contracts with CM
Post# of 103032
TXHD Contracts with CMS Medicaid Remain Intact Regardless of Vote
(NEW YORK)--The current vote in Washington, DC regarding healthcare should have little to no effect on current CMS contracts with Aspire Consulting Group LLC, which is a minority-owned division of Textmunication Holdings, Inc (OTC:TXHD).
On March 1, 2017, Aspire announced it was awarded a 10-year government contract as part of a team on the CMS SPARC Indefinite Delivery/Indefinite Quantity (IDIQ) contracting vehicle, with an estimated contract value up to $25 billion.
Aspire Consulting Group LLC, a verified Service Disabled Veteran-Owned Small Business (SDVOSB), is headquartered in Washington, D.C. and provides IT consulting and solution-based services to commercial, state, and federal agencies.
Aspire is connected to the government procurement community and has advisors who have served in state government cabinet positions and Fortune 500 companies. This network, along with the SDVOSB certification, positions Aspire as a sought after partner for government contracts.
This recent contract is focuses on the Centers for Medicare and Medicaid Services (CMS), which covers 100 million people through Medicare, Medicaid, the Children's Health Insurance Program, and the Health Insurance Marketplace. It is available to all components within CMS, and all Health and Human Services (HHS) Operating Divisions, to procure IT System development services - from end to end.
According to the Company regardless of the decision in Washington DC this would have little to no effect in regards to CMS programs as a whole, and thus would not affect TXHD current IT contracts with the CMS. No matter which direction these programs go the need for computer and technology IT upgrades to these systems will be needed, and on a multi year bases.
What is currently being voted on is the Republicans' American Health Care Act (AHCA), which is in general the repeal and replacement for what has been known as Obamacare. This is a vote more on how insurance companies will cover, and deliver coverage on federal or state levels, and would not really be cuts to Medicaid or Medicare spending, which includes IT upgrades to the system.
Additional Federal Contracts Pending
Aspire recently submitted a proposal for the Veterans Affairs (VA) VECTOR SDVOSB contract. This is a $25 billion IDIQ centered on Management, Analysis, Training, Outreach, Supply Chain and Human Resource staffing. Aspire's team on VECTOR now awaits the award of this contract. Two other contracts are pending, with one for system modernization of a state's Motor Vehicle Administration (MVA) infrastructure, and other as a subcontractor on a key federal agency.
Aspire has teaming agreements with Northrop Grumman - the #2 federal systems integrator, Tech Mahindra - one of the largest business transformation firms in the world and a Direct hiring agreement with Phase One Consulting Group on its Department of Transportation (DOT) and Commodity Futures Trading Commission (CFTC) programs. The SDVOSB certification helps these companies hit specific government goals as it relates to veteran-owned business credits.
So regardless of the decision or vote in Washington on 'repeal and replace' Aprise contracts remain safe in place as they stand more on the infrastructure and IT side of CMS.
Recent Upgrade
Based on Aspire government contracts, and upgrade to their SMS platform capacity, the Company recently received a research upgrade, which can be found at
http://www.ludlowresearch.com/reports.html
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