HMS Awarded Third Party Liability Contract by the State of Louisiana
NEW YORK--(BUSINESS WIRE)--
HMS
(NASDAQ:HMSY), a wholly owned subsidiary of HMS
Holdings Corp., announced today that is has been awarded a contract
by the State of Louisiana, Department of Health and Hospitals, to
provide third party liability identification and recovery services. HMS
will also perform data matches and insurance verifications to ensure
that the state's third party eligibility resource file remains current,
and will also administer the Louisiana Health Insurance Premium Payment
program (LaHIPP). The contract extends through June 30, 2014.
"HMS is honored to continue our longstanding partnership with Louisiana,
and we look forward to helping the State meet its operational and
financial objectives," said Maria Perrin, HMS Executive Vice President
for Government Services.
HMS has been providing third party liability and cost avoidance
services to Louisiana since 1985. During that time, HMS's cost avoidance
efforts have resulted in millions in savings and recoveries for
Louisiana. Over the course of the most recent contract term from 2008 —
2011, HMS recovered $118.1 million for the State and cost avoided an
additional $275.6M, for a net benefit to Louisiana of $393.7M.
About HMS (NASDAQ:HMSY)
HMS
(NASDAQ: HMSY) is the nation's leader in coordination
of benefits and program
integrity services for healthcare
payers. HMS's clients include health
and human services programs in more than 40 states; commercial
programs, including commercial
plans, employers,
and over 130 Medicaid managed
care plans; the Centers for Medicare & Medicaid Services (CMS); and
Veterans Administration facilities. As a result of the company's
services, clients recovered over $1.8 billion in 2010, and saved
billions of dollars more through prevention of erroneous payments.
HMS
Media relations:
Francesca Marraro, 212-857-5442
fmarraro@hms.com
or
Investor
relations:
Christine Saenz, 212-857-5986
csaenz@hms.com
Source: HMS
News Provided by Acquire Media
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