NEW YORK--(BUSINESS WIRE)--HMS, a wholly owned subsidiary of HMS Holdings Corp. (NASDAQ:HMSY), announced today that is has been awarded a contract by the State of New Mexico, Human Services Department/Medical Assistance Division (HSD/MAD), to provide third party liability (TPL), program integrity, Recovery Audit Contractor (RAC), and revenue enhancement/expense reduction services. This is a four-year contract and extends through May 2015.
“This is the first comprehensive TPL procurement New Mexico has ever issued,” said Maria Perrin, Executive Vice President of Government Services for HMS. “We are excited about this opportunity to help the state optimize its Medicaid program and contain costs.”
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.