SAIC launched eligibilityNOW, an AI-driven claims management solution for government agencies to enhance benefits processing efficiency and accuracy.
Quiver AI Summary
Science Applications International Corp. (SAIC) has launched eligibilityNOW, a comprehensive AI-driven claims management solution aimed at enhancing the efficiency and accuracy of benefits claims processing for government agencies. Developed in partnership with Xerox, this solution addresses issues like eligibility backlogs by modernizing the claims lifecycle through digitization and secure cloud storage. Designed to streamline operations and reduce manual workloads, eligibilityNOW is adaptable to the needs of various government health departments, including the Department of Veterans Affairs. The initiative reflects both companies' commitment to advancing digital transformation in the public sector and improving health benefits delivery for beneficiaries. SAIC emphasizes its expertise in claims management to ensure accuracy and compliance, while Xerox underscores its dedication to eliminating inefficiencies and enhancing service delivery.
Potential Positives
- The launch of eligibilityNOW demonstrates SAIC's commitment to improving the efficiency of government health claims management through innovative technology.
- Partnership with Xerox enhances the credibility and technological capability of eligibilityNOW, offering advanced AI features for better accuracy and speed in claims processing.
- eligibilityNOW addresses critical eligibility backlogs, improving service delivery for beneficiaries and potentially increasing trust in government health services.
- The rapid deployment of this solution indicates SAIC's ability to quickly adapt to the needs of government agencies, which may lead to increased business opportunities in the public sector.
Potential Negatives
- While the press release presents eligibilityNOW as an innovative solution, it may indicate existing challenges within government health claims processing, raising concerns about the efficiency of current systems.
- The emphasis on addressing eligibility backlogs and delays could suggest that SAIC's prior offerings did not meet performance expectations, potentially impacting their reputation.
- The presence of forward-looking statements highlights uncertainties regarding the future success of eligibilityNOW, which could affect investor confidence.
FAQ
What is eligibilityNOW?
eligibilityNOW is a claims management solution designed to improve the efficiency of processing benefits claims for government agencies.
How does eligibilityNOW enhance claims processing?
The solution employs AI to digitize, validate, and securely store claims data, speeding up processing and reducing errors.
Which organizations can benefit from eligibilityNOW?
eligibilityNOW is beneficial for agencies like the Department of Veterans Affairs and state health departments.
Who developed eligibilityNOW?
eligibilityNOW was developed by Science Applications International Corp (SAIC) in partnership with Xerox.
What are the key features of eligibilityNOW?
Key features include rapid deployment, secure AI integration, and a modular platform designed for complex government health challenges.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SAIC Congressional Stock Trading
Members of Congress have traded $SAIC stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SAIC stock by members of Congress over the last 6 months:
- REPRESENTATIVE GERALD E. CONNOLLY has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 05/13, 02/05.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$SAIC Insider Trading Activity
$SAIC insiders have traded $SAIC stock on the open market 12 times in the past 6 months. Of those trades, 12 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SAIC stock by insiders over the last 6 months:
- TONI TOWNES-WHITLEY (Chief Executive Officer) has made 2 purchases buying 2,000 shares for an estimated $223,332 and 0 sales.
- PRABU NATARAJAN (EVP, Chief Financial Officer) purchased 2,000 shares for an estimated $219,098
- VINCENT P. DIFRONZO (EVP,-Air Force & Comb Commands) purchased 597 shares for an estimated $64,984
- MILFORD W MCGUIRT purchased 500 shares for an estimated $55,290
- JAMES REAGAN purchased 450 shares for an estimated $50,446
- BARBARA SUPPLEE (EVP, Navy) purchased 360 shares for an estimated $39,459
- CAROLYN B HANDLON purchased 230 shares for an estimated $25,284
- GARTH GRAHAM purchased 215 shares for an estimated $25,101
- SRINIVAS ATTILI (EVP, Civilian) has made 2 purchases buying 200 shares for an estimated $21,377 and 0 sales.
- HILARY HAGEMAN (EVP General Counsel, Secretary) purchased 100 shares for an estimated $10,974
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SAIC Hedge Fund Activity
We have seen 197 institutional investors add shares of $SAIC stock to their portfolio, and 205 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 633,367 shares (-36.9%) from their portfolio in Q1 2025, for an estimated $71,108,113
- AQR CAPITAL MANAGEMENT LLC added 513,192 shares (+115.8%) to their portfolio in Q1 2025, for an estimated $57,616,065
- UBS GROUP AG added 492,805 shares (+261.5%) to their portfolio in Q1 2025, for an estimated $55,327,217
- INVESCO LTD. added 485,496 shares (+124.8%) to their portfolio in Q1 2025, for an estimated $54,506,635
- VAN ECK ASSOCIATES CORP added 386,230 shares (+118.2%) to their portfolio in Q1 2025, for an estimated $43,362,042
- HORIZON KINETICS ASSET MANAGEMENT LLC removed 354,773 shares (-87.2%) from their portfolio in Q1 2025, for an estimated $39,830,364
- SQUAREPOINT OPS LLC added 320,936 shares (+269.3%) to their portfolio in Q1 2025, for an estimated $36,031,484
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SAIC Analyst Ratings
Wall Street analysts have issued reports on $SAIC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stifel issued a "Buy" rating on 06/24/2025
- Wells Fargo issued a "Overweight" rating on 06/04/2025
- JP Morgan issued a "Overweight" rating on 04/15/2025
To track analyst ratings and price targets for $SAIC, check out Quiver Quantitative's $SAIC forecast page.
$SAIC Price Targets
Multiple analysts have issued price targets for $SAIC recently. We have seen 7 analysts offer price targets for $SAIC in the last 6 months, with a median target of $130.0.
Here are some recent targets:
- Tobey Sommer from Truist Securities set a target price of $110.0 on 07/24/2025
- Jonathan Siegmann from Stifel set a target price of $130.0 on 06/24/2025
- David Strauss from Barclays set a target price of $105.0 on 06/09/2025
- Matthew Akers from Wells Fargo set a target price of $137.0 on 06/04/2025
- Gavin Parsons from UBS set a target price of $111.0 on 06/03/2025
- Sheila Kahyaoglu from Jefferies set a target price of $130.0 on 05/15/2025
- Seth Seifman from JP Morgan set a target price of $140.0 on 04/15/2025
Full Release
RESTON, Va., July 29, 2025 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC ) announced the launch of eligibilityNOW , a commercially-developed, comprehensive claims management solution designed to provide government agencies with secure AI to improve the speed and accuracy for adjudicators in processing user’s benefits claims. With Xerox as a technology partner, this rapidly deployable solution addresses the critical issue of eligibility backlogs and delays to provide better outcomes for beneficiaries within a number of government civilian agencies and health departments.
eligibilityNOW uses Xerox Intelligent Data Processing and SAIC’s Intelligent Document Management to modernize the entire benefits claims lifecycle by digitizing, validating, routing and securely storing claims data in the cloud. This AI-powered processing solution can be implemented quickly to minimize manual efforts and overcome legacy system constraints, helping agencies deliver trusted health benefits promptly and efficiently while meeting and exceeding service-level expectations.
“Our team of claims adjustment specialists and technology experts brings a deep, hands-on understanding of the complexities involved in government health claims management and processing in order to ensure accuracy, compliance and efficiency,” said Heath Starr, Senior Vice President of the Health Market at SAIC. “eligibilityNOW combines our expertise as a mission integrator with Xerox digital transformation capabilities to accelerate benefit delivery, minimize errors and significantly reduce administrative burden, ensuring patients receive support when it matters most.”
“At Xerox, we are committed to advancing digital transformation within the public sector,” said Stephen Miller, Chief Digital Officer at Xerox. “We’re proud to support SAIC in the launch of eligibilityNOW, combining decades of claims processing innovation together with AI-powered intelligence to help government agencies reduce delays, eliminate costly inefficiencies, and most importantly, deliver life-changing health benefits with speed, accuracy and compassion.”
eligibilityNOW is more than just a technology upgrade; it is a mission-aligned, modular platform that is purpose-built to solve complex challenges and adapt to the evolving needs of government health agencies. For organizations like the Department of Veterans Affairs, the Department of Health and Human Services, and state and local health agencies, eligibilityNOW accelerates benefit delivery, leveraging secure AI to reduce the cognitive load on claims adjudicators, reducing processing burdens and enhancing citizen trust.
About SAIC
SAIC
® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion. For more information, visit saic.com . For ongoing news, please visit our newsroom .
Forward-Looking Statements
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
Media Contact:
Kelly Golden
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