HMS Holdings: Difference between revisions
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'''HMS Holdings Corp.''' ('''H'''ealthcare '''M'''anagement '''S'''ystems) ([[NASDAQ]]:[http://www.nasdaq.com/symbol/hmsy/real-time HMSY]) was founded in 1974 and is based in [[Irving, Texas]]. |
'''HMS Holdings Corp.''' ('''H'''ealthcare '''M'''anagement '''S'''ystems) ([[NASDAQ]]:[http://www.nasdaq.com/symbol/hmsy/real-time HMSY]) was founded in 1974 and is based in [[Irving, Texas]]. HMS advances the healthcare system by helping payers reduce costs, improve health outcomes and deliver exceptional customer experiences through our industry leading analytic and engagement solutions. Covering more than 100 million U.S. healthcare consumers with its services, HMS employs its coordination of benefits, payment integrity, and member engagement solutions to save billions of dollars annually for government and commercial healthcare programs, while improving the outcomes and engagement of health program members. (NASDAQ: HMSY) |
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== Products and services == |
== Products and services == |
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Revision as of 21:58, 28 February 2018
| Company type | Public |
|---|---|
| Nasdaq: HMSY S&P 600 Component | |
| Industry | Business Services |
| Founded | 1974 |
| Headquarters | , |
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 Holdings Corp. (Healthcare Management Systems) (NASDAQ:HMSY) was founded in 1974 and is based in Irving, Texas. HMS advances the healthcare system by helping payers reduce costs, improve health outcomes and deliver exceptional customer experiences through our industry leading analytic and engagement solutions. Covering more than 100 million U.S. healthcare consumers with its services, HMS employs its coordination of benefits, payment integrity, and member engagement solutions to save billions of dollars annually for government and commercial healthcare programs, while improving the outcomes and engagement of health program members. (NASDAQ: HMSY)
Products and services
The company’s coordination 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.[1]
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.[2]
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 risk-based security program in 2010.[5]
In 2012 and 2013, HMS Holdings was included in the InformationWeek 500.[6]
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.[7]
References
- ^ "Company Full Description".
- ^ Holdings, HMS. "HMS Holdings Announces Agreement to Acquire Eliza Corporation: Transaction further expands member health and care management analytics footprint". GlobeNewswire News Room. Retrieved 2017-04-26.
- ^ "Form 10-Q for HMS HOLDINGS CORP".
- ^ "HMS Holdings Corp. Announces Acquisition of Public Consulting Group's Benefit Solutions Practice Area".
- ^ "HMS Holdings Chief Security Officer Wins Once-in-a-Lifetime Award".
- ^ "InformationWeek 500 2013".
- ^ "Healthcare's Hottest for 2013; 40 of the healthcare industry's fastest growing companies".