Accenture Wins Main Role On $650M Veterans Affairs Healthcare Innovation Contract

Accenture Plc ACN subsidiary Accenture Federal Services (AFS) won a spot on a Department of Veterans Affairs (VHA) contract that will deliver innovative healthcare technology solutions likely for scaling into clinical production.
The Accelerating VA Innovation and Learning (AVAIL) contract provides VHA and the Office of Healthcare Innovation and Learning (OHIL) with the ability to fast-track healthcare innovations' design, development, and testing.
The AVAIL contract has a ceiling of $650 million.
Accenture Federal Services will now compete for task orders on this five-year, indefinite-delivery, indefinite-quality contract vehicle.
Shawn Roman, Accenture Federal Services' VA Client Account Lead, said, "We look forward to building upon our trusted partnership with the VA to deliver this next phase of innovation, which includes emerging technologies such as artificial intelligence, machine learning, and telehealth, to help deliver meaningful value for clinicians, administrators, caregivers, and most importantly, veterans."
In October, Accenture Federal Services won a 3-year $189 million contract from the Centers for Disease Control and Prevention (CDC) to accelerate the agency's migration to the cloud.
The contract is part of the CDC's efforts to adopt modern technology solutions to improve the agency's public health mission.
Price Action: ACN shares traded lower by 0.64% at $285.94 on the last check Monday.