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Maximus, Inc. reports developments tied to its role as a provider of tech-enabled government services for public programs. The company supports government agencies with business process management, technology solutions, health insurance eligibility and enrollment programs, clinical services, assessments, appeals and independent medical reviews across U.S. Federal Services, U.S. Services and international operations.
Recurring news includes fiscal results, guidance updates, sales-pipeline commentary, segment trends, clinical program demand and productivity initiatives. Company updates also cover AI-enabled tools such as Accuracy Assistant for state SNAP programs, quarterly cash dividends, common-stock repurchase authorizations and governance changes involving senior legal and corporate-secretary roles.
Maximus has released its 2023 Employee Engagement and Company Culture report, highlighting significant achievements in evolving and strengthening its workplace culture. Key points include:
- A 5% increase in the overall favorable engagement index from 2022 to 2023
- Implementation of the Moving Our Talent Forward initiative to support employee skill development and career mobility
- Launch of Continuous Performance Management and a tuition reimbursement program
- Adoption of generative AI tools by the Corporate Communications team
- Success of Maximus' social media advocacy program
- Introduction of the inaugural Values Icon Awards
The company remains committed to creating a positive, engaging, and inclusive work environment, focusing on values such as accountability, collaboration, compassion, customer focus, innovation, and respect.
Maximus (NYSE: MMS), a global leader in government services, has announced a quarterly cash dividend of $0.30 per share. The dividend was approved by the company's Board of Directors on October 5, 2024. Shareholders of record as of November 15, 2024, will be eligible to receive the dividend, which is scheduled for payment on November 30, 2024. This announcement demonstrates Maximus's commitment to returning value to its shareholders through regular dividend distributions.
Maximus's internal diversity, equity, and inclusion (DE&I) podcast, ERGs Unplugged, released its fifth episode featuring members of ¡MÁXIMO, the company's Hispanic/Latinx Employee Resource Group (ERG). Three members shared their experiences:
Luz Castillo, a first-generation immigrant, found the ERG vital for connecting with colleagues of similar backgrounds and navigating corporate America. Jesse Rodriguez, a member and co-chair, felt more connected during remote work, meeting new colleagues across the company. Gisella Lamkin, an 18-year Maximus employee, continues to learn and gain a sense of belonging through the ERG.
The podcast highlights the importance of ERGs in fostering inclusivity and professional growth at Maximus. For more information on Maximus's commitment to DE&I, visit Maximus.com/DEI.
Maximus has been recognized as one of TIME's World's Best Companies for 2024, reflecting the exceptional work of its employees. The ranking is based on three key dimensions: employee satisfaction, revenue growth, and sustainability (ESG). Maximus emphasizes its commitment to supporting employees, environmental sustainability, and continued growth. The company views this achievement as a testament to its strong community and dedication to its mission.
The World's Best Companies 2024 ranking involved surveys in over 50 countries, with data from approximately 170,000 participants. Companies were required to have a minimum revenue of $100 million in 2023 and show positive growth from 2021 to 2023. Maximus sees this recognition as a milestone in its journey and remains focused on employee development, diversity, inclusion, and making a positive environmental impact.
Maximus (NYSE: MMS) has been awarded a five-year, $40 million task order by the Internal Revenue Service (IRS) to deliver end-to-end development and modernization services for the IRS Enterprise Data Platform (EDP). This is the second task order for Maximus through the Enterprise Development, Operations Services (EDOS) contract, following an $87 million task order in June for modernizing the IRS Suite of Financial Systems.
Maximus will provide expertise to transform and transition current data and business intelligence processing to cloud-based Platform-as-a-Service (PaaS). The EDP platform aims to deliver secure data access across the IRS, facilitating the use of emerging technology and driving cost savings. This task order supports the IRS Data Delivery Services Domain, overseeing data quality with scalable, repeatable processes.
Maximus (NYSE: MMS) has been awarded a five-year, $263 million contract by the Pennsylvania Department of Human Services to provide enhanced application and enrollment services for long-term services and supports. This contract extends Maximus's role as an independent enrollment broker, which it has held since 2016. The company will assist eligible Pennsylvania residents in receiving home and community-based services, focusing on seniors and people with disabilities.
Key aspects of the contract include:
- Streamlining the Medicaid waiver application process
- Implementing digital solutions to improve service efficiency
- Providing choice counseling for plan and provider selection
- Supporting applicants with appeals and grievances processes
Maximus has previously reduced the application process from 90 to 26 days and maintains a 98% customer satisfaction score.
Maximus (NYSE: MMS) has been awarded a $20 million contract from the Office of Personnel Management (OPM) to serve as the Contact Center Services Provider for the new Postal Service Health Benefits Program. This program will provide health insurance to eligible Postal Service employees, annuitants, and their families starting in 2025.
Maximus will lead customer support efforts, answering calls and emails for OPM's enhanced customer service platform. The company will utilize its Total Experience Management (TXM) solution, including advanced telephony, customer relationship management, and call quality reporting tools. This new program will replace FEHB coverage for eligible groups and is part of Maximus' expertise in implementing and modernizing public-facing programs.
Maximus (NYSE: MMS) reported strong fiscal year 2024 third quarter results, with revenue increasing 10.6% to $1.31 billion. The company raised its FY24 guidance for the third consecutive time, with revenue expected to range between $5.25 billion and $5.35 billion. Diluted earnings per share were $1.46, while adjusted diluted EPS reached $1.74. All three segments contributed to organic growth of 11.2%, with the U.S. Federal Services Segment being the primary driver. The company's net debt to EBITDA ratio improved to 1.5 times. Maximus declared a quarterly cash dividend of $0.30 per share, payable on August 31, 2024. The company's strong performance was attributed to favorable tailwinds and efficient delivery at scale across its operations.
Maximus has released the fourth episode of their DE&I podcast, 'ERGs Unplugged,' featuring members of its Black Alliance Employee Resource Group (ERG). The episode highlights personal perspectives on the impact and importance of the ERG in fostering diversity, equity, and inclusion within the company. The discussion emphasizes Maximus' commitment to creating an inclusive workplace through active engagement and support of its ERGs. For further details on their DE&I initiatives, visit Maximus.com/DEI.
Maximus (NYSE: MMS) has announced that its Board of Directors has approved a quarterly cash dividend of $0.30 per share. This dividend will be payable on August 31, 2024, to shareholders who are on record as of August 15, 2024. Maximus is recognized as a leading provider of government services worldwide.