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Biotech / Medical : Health Management Systems, Inc. (HMSY)- Great BuY!
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From: JakeStraw11/4/2014 8:29:02 AM
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HMS Holdings Corp. Reports Third Quarter 2014 Results
finance.yahoo.com

GAAP EPS of $0.08 and Adjusted EPS of $0.14 per share

Commercial Market Revenue Increased 18 % Y/Y

State Government Market Revenue Increased 21% Y/Y

Medicaid Coordination of Benefits Revenue Increased 29% Y/Y

Total Operating Expenses Declined $6 Million or 6% Y/Y

"The growth trajectory established in the first half of this year continued through the third quarter, driven largely by ongoing Medicaid expansion and our heightened focus on commercial market opportunities," said Bill Lucia, President and CEO. "We have added approximately 7.9 million new Medicaid lives to our customer database this year, including approximately 3.4 million in the third quarter. Though we will not see the full benefit of this enrollment increase until future quarters, the substantial year-over-year increases in commercial and state government market revenues reflect the positive impact of ACA-driven Medicaid expansion."

"The revenue impact of new commercial business sold and implemented in previous quarters is reflected in third quarter commercial revenues, which increased 18% compared to the prior year quarter," added Lucia. "Commercial growth this year is coming from the sale of our products to new commercial customers and expanded product penetration within our current customer base, which includes over 200 health plans.”
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