When it comes to government services, Maximus Inc. is a name you may recognize. This American government services company has global operations in several countries and contracts with governments to manage government-sponsored programs. You may have heard of Maximus in the past, but you may not be familiar with the brand. In this article, we’ll explain what the brand Maximus is and how it helps government agencies manage their programs. But what is Maximus, and what are its benefits?
In 2000, Maximus’s operation got a lot of bad press in New York City after Alan Hevesi questioned a $104 million welfare-to-work contract, which could be renewed every two years. Rudolph Giuliani backed welfare-to-work programs and was running for mayor at the time, and the scandal put the company in the spotlight and in danger of losing a large chunk of its clientele.
The company is comprised of three segments. The U.S. Services segment offers various BPS solutions and consulting works to U.S. state and local government agencies. These programs include Medicaid, the Children’s Health Insurance Program, and state-based health insurance exchange operations. Founded in 1978, Maximus is a global leader in health care and human services. It also operates government-sponsored programs and helps the government provide better services to citizens.
In the 1990s, MAXIMUS began expanding into more areas than welfare-to-work programs. The company acquired more than a dozen companies in three years. In 1998, MAXIMUS had revenues of $233.5 million. Its revenues reached $319.5 million in 1999 and $399.2 million in 2000. Its net income in 2000 was $30.5 million. This is not an insignificant amount of money for the company.