HMS Holdings Corp. (Healthcare Management Systems) (NASDAQ:HMSY) was founded in 1974 and is based in Irving, Texas. The company offers cost containment services to healthcare payers and sponsors, including co-ordination of benefits services and program integrity services. Both services aim to ensure that healthcare claims are paid correctly. Customers of the company involve both governments and individuals, like state Medicaid agencies (served 47 states in 2012), the Centers for Medicare & Medicaid Services (CMS), Pharmacy Benefit Managers (PBMs), and the Veterans Health Administration (VHA).
Video HMS Holdings
Products and services
The company's co-ordination of benefits services include providing validated insurance and helping find liable third parties. Their program integrity services identify improper payments and over-payments and attempt recovery, as well as reduce fraud and waste. In addition, the company also supports Medicaid Managed Care Organizations and Medicare Advantage Plans.
Maps HMS Holdings
Operations
In April 2017, HMS Holdings acquired the Eliza Corporation, a privately held health engagement management and member analytics firm providing comprehensive and personalized member-centric outreach and engagement solutions, for a cash purchase price of $170 million.
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.
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.
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 risk-based security program in 2010.
In 2012 and 2013, HMS Holdings was included in the InformationWeek 500.
In 2013, HMS Holdings was included on Modern Healthcare magazine's "Healthcare's Hottest" list as one of the 40 fastest growing companies in healthcare.
References
External links
- Official Website
Source of the article : Wikipedia
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