HMS Holdings

HMS Holdings Corp.
Public
Traded as NASDAQ:HMSY
Industry Business Services
Founded 1974
Headquarters Irving, Texas, United States
Key people
 William C. Lucia FLMI
( Chief Executive Officer, President, and Director)
Services cost-containment services
Revenue US$ 503.27M (Sep 30, 2013)
Number of employees
 2,425 (Sep 30, 2013)
Website www.hms.com

HMS Holdings Corp. (NASDAQ:HMSY) was set up in 1974 and now is based in Irving, Texas. The company markets on cost containment services to healthcare payers and sponsors, including co-ordination of benefits services and program integrity services. Both services aim at making the healthcare claims paid correctly. Customers of the company involve both government and individuals, like state Medicaid agencies (served for 47states in 2012), the Centers for Medicare & Medicaid Services (CMS), Pharmacy Benefit Managers (PBMs), the Veterans Health Administration ((VHA)). In December 2012, the Company acquired MRM.[1]

Products and services

The company’s co-ordination of benefits services provide validated insurance, finding liable third parties, and program integrity services identify improper payments and overpayments (also could recover it), and reduce fraud and waste. In addition, the company also support Medicaid managed care and Medicare Advantage.[2]

Operations

In December 2012, HMS Holdings acquired the assets and liabilities of MedRecovery Management, LLC (MRM), for about $11.8 million, with $10.8 million initial cash payment and $1.0 million in future contingent payments.[3]

In 2006, the Company announced to acquire the assets of PCG's Benefits Solutions Practice Area (BSPA) for $80 million in cash, shares of Holdings common stock and a contingent cash payment of up to $15 million.[4]

Awards

In February 2014, HMS Holdings’ Chief Security Officer Scott Pettigrew won the CSO Compass Awards by CSO magazine. Pettigrew has been working in Security for about twenty years and spent the last four years at HMS. He led the company’s first security program for a risk-based in 2010.[5]
HMS Holdings was included in the InformationWeek 500 in 2012 and 2013.[6]
HMS Holdings won 2013 “Healthcare’s Hottest” listed by Modern Healthcare magazine.[7]

References

  1. ↑ "Business Summary".
  2. ↑ "Company Full Description".
  3. ↑ "Form 10-Q for HMS HOLDINGS CORP".
  4. ↑ "HMS Holdings Corp. Announces Acquisition of Public Consulting Group's Benefit Solutions Practice Area.".
  5. ↑ "HMS Holdings Chief Security Officer Wins Once-in-a-Lifetime Award".
  6. ↑ "InformationWeek 500 2013".
  7. ↑ "Healthcare's Hottest for 2013; 40 of the healthcare industry's fastest growing companies".

External links

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