Accenture wins lead role in $650 million Veterans Affairs healthcare innovation contract

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Accenture Plc (NYSE: ACN) subsidiary Accenture Federal Services (AFS) won a place in a Department of Veterans Affairs (VHA) a contract that provides innovative healthcare technology solutions that can be scaled up to clinical production.
The Accelerating VA Innovation and Learning (AVAIL) contract enables VHA and the Office of Healthcare Innovation and Learning (OHIL) to fast-track the design, development and testing of healthcare innovations.
The AVAIL contract cap is $650 million.
Accenture Federal Services is now competing for task orders on this five-year, indefinite-delivery, indefinite-quality contract vehicle.
Sean Roman, Accenture Federal Services VA Client Account Leader, said, “We look forward to building a strong partnership with the VA to deliver the next phase of innovation that includes emerging technologies such as artificial intelligence, machine learning and telehealth. helping to deliver significant value to 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 move to the cloud.
The contract is part of CDC’s efforts to adopt modern technology solutions to improve the agency’s public health mission.
Price Action: Shares of ACN traded down 0.64% on Monday, trading at $285.94.