Xerox Corp pronounced it would revamp a medical IT business and record a associated spoil assign of about $145 million in a second quarter.
The association pronounced it would pause sales of a integrated eligibility system, a program complement that can support operations in call centers and request imaging.
The medical business provides executive and caring supervision solutions to state Medicaid programs and supervision medical programs.
“Going forward, Xerox will concentration on handling and completing a stream Health Enterprise implementations, and will be rarely resourceful in responding to new Medicaid Management Information System opportunities,” a association said.
The medical business contributes “$2 billion plus” to sum revenue, a association mouthpiece said. The association reported sum income of $19.54 billion for 2014.
“Basically, they are focusing their supervision medical business divided from reduction essential initiatives that they were pursuing. we see it as a positive,” Cross Research researcher Shannon Cross said.
“From a long-term mount point, it (Medicaid) is a essential business,” Cross said.
Xerox, that has been changeable a concentration to IT services from creation printers and copiers, practiced a gain guess for a entertain finished Jun to simulate a charge.