Key Developments: HMS Holdings Corp (HMSY.O)
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Latest Key Developments (Source: Significant Developments)
HMS Holdings Corp Lowers FY 2013 Guidance
HMS Holdings Corp revised fiscal 2013 guidance and expects revenues of $495.0-$525.0 million down from previous guidance of $570.0 to $600.0 million, fully diluted GAAP earnings per share (EPS) of $0.57-$0.63 down from previous guidance of $0.63-$0.70 and adjusted EPS of $0.89-$0.95 down from previous guidance of $0.95-$1.02. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $568 million and EPS of $0.96 for fiscal 2013. Full Article
HMS Holdings Corp Comments On H2 2013, FY 2014 Revenue Guidance-Conference Call
HMS Holdings Corp announced that with the ACA in place, it is now seeing more activity with implementations. The Company's six contracts are fully implemented and seeing good results. Another 12 are far along in implementation. It takes an average of 12 months from contract award to generating revenue in the RAC market. The Company expects to see revenue accelerate in the second half of 2013 and ramp up significantly in 2014. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $576 million for fiscal 2013; revenue of $687 million for fiscal 2014. Full Article
HMS Holdings Corp Lowers FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance Above Analysts' Estimates
HMS Holdings Corp announced that for fiscal 2013, it now expects revenue in the range of $570.0-$600.0 million, fully diluted GAAP EPS to increase to a range of $0.63 - $0.70 , and adjusted EPS to increase to a range of $0.95 - $1.02. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $606 million and EPS of $0.78 for fiscal 2013. Full Article
HMS Holdings Corp Lowers FY 2012 Guidance; Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
HMS Holdings Corp announced that while 2012 has been a year of great strategic progress, there are a number of external factors that are negatively impacting its growth rate. The Company is therefore lowering guidance for fiscal 2012. Fiscal 2012 revenue guidance is adjusted from a previous range of $500 million to $515 million to a new range of $480 million to $490 million and its GAAP EPS guidance has changed from a range of $0.58 to $0.64 to a new range of $0.55 to $0.60 and adjusted EPS guidance has changed from a range of $0.91 to $0.96 to a new range of $0.85 to $0.90. The Company also announced that for fiscal 2013, it expects revenue in the range of $600 million to $620 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $502 million and EPS of $0.60 for fiscal 2012; and revenue of $602 million for fiscal 2013. Full Article
State of South Dakota Selects Third Party Liability Contract To HMS Holdings Corp's HMS
HMS, a wholly owned subsidiary of HMS Holdings Corp. announced that it has been awarded a contract by the South Dakota Department of Social Services to provide third party identification for cost avoidance services as well as billing of claims identified by the State as having third party coverage. The contract extends through May 31, 2013 with two one-year renewal options. Full Article
HMS Holdings Corp Secures Medicaid Recovery Audit Contractor Contract From Commonwealth Of Virginia
HMS, a wholly owned subsidiary of HMS Holdings Corp. announced that it has been awarded a contract by the Commonwealth of Virginia, Department of Medical Assistance Services (DMAS), to serve as the Commonwealth’s Medicaid Recovery Audit Contractor (RAC). Under the terms of this contract, HMS will audit both in-state and out-of-state providers participating in the Virginia Medicaid program to identify underpayments and overpayments for all claims paid under the Medicaid and CHIP programs. The contract has an initial term of three years and includes three one-year renewal options. Full Article
HMS Holdings Corp. Reaffirms FY 2012 Guidance-Conference Call
HMS Holdings Corp. reaffirmed its 2012 guidance and expects revenue to be in the range of $500-$515 million, EPS at a range of $0.58 to $0.64 for GAAP EPS, and a range of $0.91 to $0.96 for adjusted EPS. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $505 million and EPS of $0.60 for fiscal 2012. Full Article
HMS Holdings Corp.'s HMS Receives Contract From Commonwealth Of Virginia
HMS, a wholly owned subsidiary of HMS Holdings Corp. announced that it has been awarded a contract by the Commonwealth of Virginia, Department of Medical Assistance Services (DMAS), to provide a customized Medicaid Fraud and Abuse Detection System to detect fraud, waste, and abuse through data modeling algorithms that analyze claims and provider behavior. Full Article
HMS Holdings Corp.'s HMS Secures Contract From State Of Alaska
HMS, a wholly owned subsidiary of HMS Holdings Corp., announced that it has been awarded a contract by the State of Alaska, Department of Health & Social Services, Division of Health Care Services (DHCS) to provide comprehensive post-payment recovery and cost avoidance services, including insurance policy identification, verification, and maintenance; Medicare A & B recoupments; primary billing services; provider overpayment recovery; credit balance audits; TriCare and commercial insurance recovery; and Health Insurance Premium Payment (HIPP) program administration. The contract runs through June 30, 2014 with three one-year renewal options. Full Article
HMS Holdings Corp.'s HMS Receives Contract
HMS, a wholly owned subsidiary of HMS Holdings Corp. announced that it has been awarded a contract by the State of Colorado, Department of Health Care Policy and Financing (Department), to perform third party benefits coordination, as well as tort and casualty, post payment, and estate recovery services. Full Article
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