Type Public Website www.hms.com Number of employees 2,425 | Industry Business Services Founded 1974 | |
Traded as NASDAQ: HMSYS&P 600 Component Key people William C. Lucia FLMI( Chief Executive Officer, President, and Director) Revenue US$ 503.27M (Sep 30, 2013) Stock price HMSY (NASDAQ) US$ 18.64 +0.56 (+3.10%)13 Mar, 3:47 PM GMT-4 - Disclaimer Headquarters New York City, New York, United States Subsidiaries HMS Business Services Inc | ||
HMS Holdings Corp. (Healthcare Management Systems) (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.
Contents
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.
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.
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 security program for a risk-based in 2010.
HMS Holdings was included in the InformationWeek 500 in 2012 and 2013.
HMS Holdings won 2013 “Healthcare’s Hottest” listed by Modern Healthcare magazine.