Kearney and Co. to audit military health program financial statements
By
Ross Wilkers
Federal financial management services provider Kearney and Co. wins a potential $46.5 million contract to help audit financial statements for military health programs.
Kearney and Co. has won a potential four-and-a-half year, $46.5 million contract to help the Defense Finance and Accounting Service audit financial statements for military health initiatives.
Alexandria, Va.-based Kearney will focus its work on items under the Defense Health Program, a budget mechanism created in 1992 to centralize funding and management of military healthcare programs such as Tricare.
The Defense Department estimated approximately $33.4 billion in DHP spending for the government's 2017 fiscal year, according to a summary from the DOD comptroller. That would represent an approximate increase of 3.7 percent from projected fiscal 2016 levels.
Kearney's work under the labor-hour contract includes an 18-month base period with three one-year options. DFAS received two quotes for the contract.
Founded in 1985, Kearney focuses exclusively on work for federal agencies.