| HMS Holdings Corp. | |
| Type: | Private |
| Industry: | Business services |
| Services: | Cost-containment services |
| Location City: | Irving, Texas |
| Location Country: | U.S. |
| Revenue: | US$ 598.3M (Feb 22, 2019) |
| Key People: | William C. Lucia (FLMI) (CEO, president, and Director) |
| Num Employees: | 2,425 (Sep 30, 2013) |
| Owner: | Veritas Capital |
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.[1]
HMS Holdings was acquired by Gainwell Technologies in 2021 for a reported $3.4 billion.[2]
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.[3]
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.[4]
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.[5]
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.[6]
In 2012 and 2013, HMS Holdings was included in the InformationWeek 500.[7]
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.[8]