HMS receives Maine contract to perform hospital, long term care financial reviews

HMS, a wholly owned subsidiary of HMS Holdings Corp. (NASDAQ:HMSY), today announced that it has been awarded a contract by the Maine Department of Health and Human Services to perform hospital and long term care credit balance reviews and cost of care recoveries on behalf of the state's MaineCare (Medicaid) program.

The contract extends through June 30, 2012, with the option to renew for three additional one-year periods.

"We are pleased that HMS will continue to perform these reviews for our agency through the award of this contract. HMS's experts have produced substantial recoveries for our state and we look forward to achieving our future financial goals through their efforts," said Robin Allen, MaineCare's Assistant Director of Third Party Liability.

Since 2001 (hospitals) and 2009 (long term care facilities), HMS's credit balance review services have resulted in $24 million in recoveries for MaineCare. HMS has also identified over $18 million in long term care improper payments during that time.