CMS Awards ICF $35 Million Digital Modernization Contract Extension

Open Source, Cloud-based Systems to Improve Healthcare Delivery

Reston, Va. (October 3, 2024)- ICF (NASDAQ:ICFI), a global consulting and technology services provider, was recently awarded an option year extension by the Centers for Medicare and Medicaid Services (CMS) to continue modernizing the systems that monitor and report on the quality of healthcare for Medicare and Medicaid beneficiaries.

The agreement, which was awarded in the second quarter of 2024, has a value of $35 million and a term of 12 months. This includes $18 million in expanded work beyond the initial scope of the contract and extends the period of performance by an additional five months.

CMS' Internet Quality Improvement System (iQIES) will continue to be modernized using open-source and cloud technology, improving the overall security and useability of the platform and providing increased data transparency for regulators, policymakers and consumers.

"For the past four years, we have applied our health, cloud and data migration expertise to build a reliable solution that supports healthcare providers in meeting federally mandated quality-of-care standards," said David Birken, senior vice president for digital modernization and experience. "We are proud to continue our support of this critical program, which is improving the delivery of healthcare and ensuring patients receive the care they expect and deserve."

A leader in data modernization solutions, ICF combines deep domain expertise with leading-edge technologies, advanced analytics and human-centered practices to help federal agencies design technology solutions that reduce time-to-value. The company has managed and supported numerous cloud projects across U.S. federal agencies including the U.S. departments of Health and Human Services, Homeland Security, Energy, Transportation and Agriculture; the U.S. General Services and Food and Drug administrations; the U.S. Agency for International Development; and more.

ICF also has an expansive multi-platform ecosystem to rapidly deliver scalable technology solutions that accelerate mission readiness and improve program outcomes.

Read more about ICF's data modernization services and cloud solutions.

About ICF

ICF is a global consulting and technology services company with approximately 9,000 employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

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Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, [email protected]+1.571.373.5577

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