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”

“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.