NEW YORK, May 3 /PRNewswire-FirstCall/ -- MDwise, a managed care plan serving more than 100,000 Medicaid recipients in Indiana, has awarded Health Management Systems, Inc. a contract to provide coordination of benefits services.
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On behalf of MDwise, HMS will identify and recover expenditures from other sources insuring individuals enrolled in Hoosier Healthwise, Indiana’s mandatory Medicaid managed care plan.
HMS, a wholly owned subsidiary of HMS Holdings Corp. , helps Medicaid and other government health care programs contain costs by recovering expenditures from liable third-party sources of health insurance. In the past year, HMS has expanded its services to Medicaid managed care plans, drawing on its experience in 30 states. To date, HMS has recovered a total of more than $2 billion for its clients.
Medicaid, the federal/state health care initiative for low-income individuals and families, will cost the nation more than $300 billion in 2004, and is the most rapidly growing component of spending by states.
Founded in 1994 as the Central Indiana Managed Care Organization, MDwise today provides care to Medicaid beneficiaries in central and northern Indiana. MDwise is based in Indianapolis, and is the only locally owned and operated, non-profit plan serving Hoosier Healthwise.
HMS President William Lucia said, “The agreement between HMS and MDwise represents an important step in the evolution of our Medicaid managed care work. And we are proud to be expanding the services we provide throughout Indiana. Our work will continue to help MDwise and the state ensure that Indiana’s health care funds are allocated wisely.”
ABOUT HMS
Health Management Systems, Inc. is a national leader in revenue recovery and cost containment for government health care programs. HMS has recovered more than $2 billion from third parties and other funding sources on behalf of its clients, and today has active contracts in more than 20 states. HMS’s solutions are non-duplicative and require no up-front funding or additional agency resources. HMS, a wholly owned subsidiary of HMS Holdings Corp. (listed on NASDAQ under the symbol HMSY), is headquartered in New York and operates offices nationwide.
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CONTACT: Investor Relations - Laura Jo Snyder-Cruz, +1-212-857-5986,ir@hmsy.com, Media - William Hall, +1-212-857-5407, whall@hmsy.com, both ofHMS Holdings Corp.
Web site: http://www.hmsy.com/
