“The Centers for Medicare & Medicaid Services (CMS) recently awarded Bellese Technologies a 12-month extension for its Medicare Payment System Modernization (MPSM) contract.”
“Under the direction of the Office of Information Technology (OIT), Bellese’s MPSM work will continue modernizing systems that process Medicare claims. Starting in 2018, the team’s work has largely focused on converting legacy products written in COBOL to a more contemporary technology stack.”
“These products (called pricers) are critical to Medicare Part A claim processing and operations. Over the course of 2018 when this work first started, these pricers processed $190.7 billion in claims. The same year National Health Expenditures (NHE) accounted for 17.7% of US Gross Domestic Product (GDP). Medicare spending was 21% of all NHE.”
“Bellese has collaborated with CMS to deliver 5 modernized pricer applications as application programming interfaces (APIs) hosted on Amazon Web Services (AWS). Bellese has helped create and shape the infrastructure adopted by other programs for cloud-based modernization initiatives within the MPSM ecosystem…” Read the full press release here.
Source: CMS Awards Bellese Technologies Contract Extension for Medicare Payment System Modernization (MPSM) – September 15, 2020. Bellese Technologies.