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Biotech / Medical : Health Management Systems, Inc. (HMSY)- Great BuY!

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From: JakeStraw1/4/2010 8:43:39 AM
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HMS Acquires Verify Solutions, Adding Dependent Eligibility Audit Services and Expanding into Employer Market
finance.yahoo.com

Monday January 4, 2010, 8:30 am

NEW YORK--(BUSINESS WIRE)--HMS today announced that it has acquired the assets of Verify Solutions, a metropolitan Atlanta-based company specializing in dependent eligibility audit services for employer-sponsored healthcare plans.

Verify Solutions’ services ensure that dependents covered by employees are eligible to receive healthcare benefits. Their services provide clients with savings throughout the benefit cost structure, including medical, prescription drug, dental, and vision plans. The company also conducts Human Resources Data Reviews, to ensure that employers comply with ERISA, EEOC, and other governmental requirements.

“As healthcare reform takes shape, employers will continue to play a critical role in how citizens receive healthcare coverage,” said Bill Lucia, Chief Executive Officer of HMS. “This acquisition moves HMS into the employer-based market with a valuable new service that fits well with our mission to help control healthcare costs. This new service is consistent with our current offerings, which ensure that individuals are properly identified with the correct insurance coverage.”
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