HMS Holdings Corp. (HMSY) is a healthcare technology company that provides cost containment solutions to government and private healthcare payers and sponsors. The company's services include coordination of benefits and program integrity services, as well as analytics and engagement services.
HMSY's Coordination of Benefits segment identifies members with other insurance coverage and ensures that the appropriate payer is billed, reducing waste and costs for both government and private healthcare payers. The Program Integrity segment uses analytics to detect and prevent fraud, waste, and abuse in the healthcare system. HMSY's Analytics segment offers data and predictive analytics services to identify opportunities for savings and improve outcomes for patients.
The company's customers include state Medicaid programs, commercial health plans, federal government health agencies, and employers. By helping these entities reduce costs and improve efficiency, HMSY plays an important role in the healthcare industry.
HMS Holdings Corp. has been recognized for its innovative solutions and leadership in healthcare technology. The company has won numerous awards, including being named to Forbes' list of America's Best Employers for Diversity in 2021.
Investors should note that as with all investments, there are risks associated with investing in HMSY. These risks include changes in healthcare regulations, competition from other healthcare technology companies, and potential data security breaches. Before investing in HMS Holdings Corp., investors should carefully consider their investment goals, risk tolerance, and overall portfolio diversification.
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