The Florida Agency for Health Care Administration (AHCA) has signed a $109 million agreement with HP for the company to continue as the state’s Medicaid program fiscal agent.

Under the two-year agreement, which extends the contract through June 2018, HP will continue managing Florida’s Medicaid Management Information System (MMIS). The system helps manage Medicaid benefits for more than 3.4 million Floridians.

HP processes more than 150 million claims worth more than $24 billion per year for approximately 114,000 Florida healthcare providers, according to the company.

[Image courtesy: Florida Agency for Health Care Administration]