All HHS Contracts — January 10, 2026

Novitas secured cost-plus contract for Medicare admin in 7 states, with $889.8M obligated ($550M outlayed) and $1.07B potential including options through 2026.

Dependency on $123M subawards to 50 recipients for contract delivery.

Award fees contingent on claims processing quality metrics.

Risk of unexercised options limiting total value to $890M.

Expansion to $1.07B via exercise of remaining options.

Further outlays to exhaust $890M obligation.

100% of period value in one CMS contract for claims processing in Jurisdiction H (7 states).

{"entity"=>"NOVITAS SOLUTIONS, INC.", "reason"=>"Sole recipient of $890M contract with $1.07B upside.", "trigger"=>"Option exercises or outlay acceleration >$550M"}

{"entity"=>"CMS Jurisdiction H Reports", "reason"=>"Track performance impacting fees and options.", "trigger"=>"Decline in processing quality metrics"}