HMS Awarded Recovery Audit Contractor Contract by the State of Nevada

NEW YORK--(BUSINESS WIRE)-- HMS, a wholly owned subsidiary of HMS Holdings Corp. (NASDAQ:HMSY), announced today that it has been awarded a contract by the Nevada Department of Health Care Financing and Policy (DHCFP) to serve as the State’s Recovery Audit Contractor (RAC).

Under the terms of this contract, HMS will perform services outlined in the RAC portion of the Affordable Care Act, including identifying and recovering unnecessary or inappropriate Medicaid payments for services. The contract extends through December 31, 2016.

“HMS is honored to have been selected as the RAC contractor for Nevada,” said Maria Perrin, HMS Chief Business Officer. “We are committed to continuing to helping DHCFP achieve their goal of providing affordable health coverage to vulnerable populations while complying with federal mandates and containing costs.”

HMS has provided cost containment services to Nevada since 2004. During that time, HMS has recovered more than $55 million on behalf of the State, and helped achieve over $285 million in additional cost-avoidance savings.

About HMS (NASDAQ:HMSY)

HMS 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 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 $2 billion in 2011, and saved nearly $7 billion through the prevention of erroneous payments.

HMSFrancesca Marraro (media relations)
212-857-5442
[email protected]
orChristine Saenz (investor relations)
212-857-5986
[email protected]

Source: HMS