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

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From: JakeStraw	2/24/2010 8:38:45 AM
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HMS Awarded Third Party Data Match and Recovery Contract by the Alabama Medicaid Agency finance.yahoo.com February 24, 2010, 8:30 am NEW YORK--(BUSINESS WIRE)--HMS today announced that it had been awarded a contract by the State of Alabama Medicaid Agency (AMA) to provide various third party recovery activities, including data matches with commercial and government insurors, commercial and Medicare recoveries, real-time pharmacy cost avoidance, subrogation, and credit balance audit services. This contract is for a two-year term, with three additional one-year renewal options. “This contract represents a significant increase in the scope of work performed by HMS on behalf of the AMA, and reinforces an already strong partnership,” said Maria Perrin, HMS Executive Vice President of Government Services. “We are delighted to be assisting the state in meeting its cost management objectives.” HMS has been awarded 12 consecutive, competitively bid State Medicaid Third Party Recovery contracts.

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