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MAXIMUS, Inc. (MMS) provides business process services to government health and human services agencies in the United States, Australia, Canada, Saudi Arabia, and the United Kingdom.
It focuses on administering government-sponsored programs, such as Medicaid, the Childrens Health Insurance Program (CHIP), health care reform, welfare-to-work, Medicare, child support enforcement, and other government programs.
The company operates in two segments, Health Services and Human Services.
The Health Services segment offers business process and administrative support services, as well as consulting services for state, provincial, and federal programs, including Medicaid, CHIP, Supplemental Nutrition Assistance Program, health care reform, Medicare, and Health Insurance British Columbia. This segments services include government health insurance program administration, health insurance program eligibility and enrollment, eligibility and enrollment modernization for government health benefit programs, health insurance exchange design and operations, application assistance and independent enrollment counseling, premium payment processing and administration, objective and evidence-based health appeals, independent medical reviews, health plan oversight, eHealth solutions with the Medigent product suite, Medicaid Management Information System planning and oversight, program consulting, and consumer outreach and education services.
The Human Services segment provides various business process, case management, job training, and support services. This segments services comprise welfare-to-work services; child support case management, customer contact center operations, and program and systems consulting services; management tools and professional consulting services for education institutions; K-12 special education case management solutions; program consulting services; and tax credit and employer services.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $27.20 - $47.75
Entry Point: $47.75
Stop Loss: $45.36
Target Price: $52.53
We lost MMS to the downside. Closed at $45.20
