CONTRACTS

Kearney and Co. to audit military health program financial statements

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.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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