NEW YORK--(BUSINESS WIRE)-- HMS (NASDAQ:HMSY), a wholly owned subsidiary of HMS Holdings Corp., announced today that it has been awarded two contracts by the Commonwealth of Pennsylvania Department of Public Welfare (DPW) to provide review and recovery services for the Commonwealth’s Medical Assistance (Medicaid) program.
Under the first contract, HMS will provide third party liability data exchange and recovery services, including data match, cost avoidance, and recovery billings. HMS will also provide financial overpayment reviews and recovery services under a subcontract.
These contracts run for four years, with the option to renew for two additional two-year periods.
“Our retrospective provider review subcontract represents a significant increase in the scope of work HMS performs on behalf of DPW,” said Maria Perrin, HMS Executive Vice President for Government Services. “We are excited to grow our valuable partnership with Pennsylvania, and are proud to work with our partners as part of Pennsylvania’s Medicaid Recovery Audit Contractor (RAC) solution.”
HMS has performed TPL services—including recoveries, credit balance audits, and revenue maximization initiatives—on behalf of Pennsylvania since 2000, and has recovered more than $226 million for the Commonwealth during that time.
About HMS (NASDAQ:HMSY)
HMS is the nation's leader in coordination of benefits and program integrity services for healthcare payors. HMS's clients include health and human services programs in more than 40 states; commercial programs, including commercial plans, employers, and over 120 Medicaid managed care plans; the Centers for Medicare and 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.
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Francesca Marraro, 212-857-5442
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Christine Saenz, 212-857-5986
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