RESTON, Go., May 31, 2022 /PRNewswire/ — QTC Medical Services, Inc. (QTC), a Leidos (NYSE: LDOS) company, recently won two major contracts to provide disability medical examination services to veterans and separating or retiring military. Indefinite Delivery/Indefinite Quantity, firm fixed price contracts have been awarded by the Veterans Benefits Administration, Medical Disability Review Office. The contracts each have base execution periods of six months with six one-year options and a combined estimated value of $1.7 billionif all options are exercised.
“We are pleased to continue our work with the Veterans Benefits Administration to support service members as they transition to civilian life and veteran status,” said Liz Porter, chairman of Leidos Health Group. “Our innovative delivery models allow us to better serve veterans and military members. Through our telehealth capabilities, mobile medical units and nationwide network of providers, we are bringing our services closer to veterans and military members, especially in rural areas.”
“For more than 20 years, we have provided mission-focused support to the pre-release programs of the Department of Veterans Affairs and the Department of Defense,” said Larry Schaefer, general manager of QTC. “Pre-discharge programs are important for assessing force readiness and strength, expediting receipt of disability benefits. Last year, QTC completed over 1.1 million appointments for 446,000 applicants. This expanded review capacity allows for timely adjudication of veteran and military claims.”
Through these contracts, QTC will provide disability medical examination services to meet Department of Veterans Affairs (VA) and Department of Defense (DOD) requirements for separating and retiring service members. These services will support 124 military installations participating in the pre-discharge Discharge Benefits (BDD) and Integrated Disability Assessment System (IDES) programs. QTC will also provide disability medical examination services to support claimants living outside of the continental United States. This international component includes both compensation and pension reviews as well as joint VA and DOD pre-discharge programs.
These contracts extend QTC’s decades of experience supporting joint VA and DOD pre-discharge programs. QTC’s innovative delivery models include telehealth, mobile medical unitsclinics on or near military installations and a nationwide network of providers.
About QTC Management
QTC Management, Inc. (QTC), acquired by Leidos in 2016, partners with each client to identify existing and anticipated program needs and provides a full range of disability-focused medical examination and diagnostic testing services . Since 2000, QTC has provided over 9 million physical exams and diagnostic tests. For more information, visit www.qtcm.com.
Leidos is a Fortune 500® technology, engineering, and scientific solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, civilian, and healthcare markets. The company’s 43,000 employees support vital missions for government and commercial customers. Based at Reston, VirginiaLeidos recorded annual revenues of approximately $13.7 billion for the year ended December 31, 2021. For more information, visit www.Leidos.com.
Certain statements contained in this announcement constitute “forward-looking statements” within the meaning of the rules and regulations of the United States Securities and Exchange Commission (SEC). These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or events. A number of factors could cause our actual results, performance, achievements or industry results to differ from the results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the “Risk Factors” set forth in Leidos’ Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and other similar filings that Leidos makes from time to time with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events occurring after the date on which the forward-looking statements were made.
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