NEW YORK--(BUSINESS WIRE)-- HMS, a wholly owned subsidiary of HMS Holdings Corp. (NASDAQ:HMSY), today announced that it has been awarded a contract by the Maine Department of Health and Human Services to perform hospital and long term care credit balance reviews and cost of care recoveries on behalf of the state’s MaineCare (Medicaid) program.
The contract extends through June 30, 2012, with the option to renew for three additional one-year periods.
“We are pleased that HMS will continue to perform these reviews for our agency through the award of this contract. HMS’s experts have produced substantial recoveries for our state and we look forward to achieving our future financial goals through their efforts,” said Robin Allen, MaineCare’s Assistant Director of Third Party Liability.
Since 2001 (hospitals) and 2009 (long term care facilities), HMS’s credit balance review services have resulted in $24 million in recoveries for MaineCare. HMS has also identified over $18 million in long term care improper payments 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.
KEYWORDS: United States North America Maine New York
INDUSTRY KEYWORDS: Practice Management Health Hospitals Other Health Professional Services Insurance Other Professional Services General Health Managed Care