| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
90 |
| Employees |
10 |
| Revenues (TTM) (Millions $) |
673 |
| Net Income (TTM) (Millions $) |
70 |
| Cash Flow (TTM) (Millions $) |
68 |
| Capital Exp. (TTM) (Millions $) |
28 |
Business Description
HMS Holdings Corp (HMS) is a healthcare technology company that provides cost containment solutions for government healthcare programs, including Medicaid, Medicare, and CHIP. The company was founded in 1974 and is headquartered in Irving, Texas.
HMS operates through two segments: Healthcare Services and Technology. The Healthcare Services segment provides cost containment solutions to government healthcare programs. The Technology segment offers software solutions and services to customers in the healthcare industry.
The company's services include program integrity services, such as fraud and abuse detection, overpayment recovery, and cost avoidance; coordination of benefits services, which identify and recover payments from responsible third parties; and population risk management services, which include predictive modeling and risk stratification to identify high-risk individuals and manage their healthcare needs.
HMS utilizes advanced analytics and machine learning algorithms to identify areas of potential waste or abuse in healthcare spending. The company's technology solutions enable healthcare payers and providers to optimize their operations, reduce costs, and improve overall quality of care.
HMS serves a broad range of customers, including federal, state, and local government agencies, as well as commercial entities operating in the healthcare industry. The company's customer base includes health plans, pharmacy benefit managers, hospitals, and long-term care facilities.
The company has a strong track record of growth and profitability. In 2020, HMS reported revenue of $706.5 million and net income of $66.9 million. The company has a market capitalization of approximately $4.4 billion.
HMS Holdings Corp is committed to environmental, social, and governance (ESG) principles. The company has implemented a variety of initiatives to reduce its environmental impact, promote diversity and inclusion, and foster strong ethics and corporate governance practices.
Overall, HMS Holdings Corp is a leading healthcare technology company that provides cost containment solutions to government healthcare programs. With its advanced analytics and technology solutions, the company is well positioned to continue driving growth and profitability in the coming years.
Company Address: 5615 High Point Drive Irving 75038 TX
Company Phone Number: 453-3000 Stock Exchange / Ticker: NASDAQ HMSY
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