- Source: HMS Holdings
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HMS Holdings Corp. (Healthcare Management Systems) was founded in 1974 and is based in Irving, Texas. The company was formerly listed on Nasdaq but acquired by private-equity firm Veritas Capital in 2021.
History
HMS Holdings was acquired by Gainwell Technologies in 2021 for a reported $3.4 billion.
Products and services
The company's services include providing validated insurance and helping find liable third parties. Their program integrity services identify improper payments and over-payments and attempt recovery, as well as reduce fraud and waste. In addition, the company also supports Medicaid Managed Care Organizations and Medicare Advantage Plans.
Acquisitions
In 2006, the Company announced to acquire the assets of PCG's Benefits Solutions Practice Area (BSPA) for $80 million in cash, shares of Holdings common stock, and a contingent cash payment of up to $15 million.
The company acquired HealthDataInsights for approximately $400 million in November 2011. In December 2012, HMS Holdings acquired the assets and liabilities of MedRecovery Management, LLC (MRM), for about $11.8 million, with $10.8 million initial cash payment and $1.0 million in future contingent payments.
In April 2017, HMS Holdings acquired the Eliza Corporation, a privately held health engagement management and member analytics firm providing comprehensive and personalized member-centric outreach and engagement solutions, for a cash purchase price of $170 million.
In March 2017, Eliza Corporation, a SaaS health engagement platform, was acquired for $170 million. In September 2016, the company purchased Essette.
In 2019, the company acquired Accent for a reported $155 million.
Awards
In 2012 and 2013, HMS Holdings was included in the InformationWeek 500.In 2013, HMS Holdings was included on Modern Healthcare magazine's "Healthcare’s Hottest" list as one of the 40 fastest growing companies in healthcare.
References
External links
Official Website
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HMS Holdings
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HMS Holdings - Gainwell Technologies
If you received a letter from HMS providing a questionnaire requesting additional information regarding medical services that you or a family member have received, you may submit your …
HMS Holdings - Gainwell Technologies
Personal Injury Questionnaire. Frequently Asked Questions Who is this letter for? The letter is specifically for the person listed on the front of the letter.
HMS Holdings - Gainwell Technologies
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HMS Holdings - Gainwell Technologies
Our agent, the HMS Casualty Recovery Unit, will be sending a claim statement of all funds that we believe are the liability of a third party in this case and therefore, reimbursable to New York …
HMS Holdings - Gainwell Technologies
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HMS Holdings - Gainwell Technologies
Subrogation Claim/Lien Amount Request New Jersey Casualty 1 Quakerbridge Plaza Suite 3 Mercerville, NJ 08619 Toll Free: (877) 262-7385 NJCasualty@gainwelltechnologies.com
HMS Holdings - Gainwell Technologies
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HMS Holdings - Gainwell Technologies
Subrogation Claim/Lien Amount Request Wisconsin Casualty 5615 High Point Drive Suite 100 Irving, TX 75038-9984 Toll Free: (877) 391-7471 Fax: (469) 359-4319
HMS Holdings
Subrogation Claim/Lien Amount Request Mississippi Casualty PO Box 1350 Jackson, MS 39215 Toll Free: (855) 547-4984 Fax: (844) 388-0653 missubro@gainwelltechnologies.com