, a wholly owned subsidiary of
HMS Holdings Corp.
(NASDAQ:HMSY), announced today 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.
looks forward to maintaining our long-standing relationship with the Department so that we may continue to help Colorado preserve its Medicaid funds and promote the State’s ability to expand the program to more individuals,” said Maria Perrin,
Chief Business Officer.
has provided third party liability and cost avoidance services to Colorado since 2001. During that time,
has recovered over $230 million on behalf of the State and helped achieve millions more in cost avoidance savings.
is the nation's leader in
coordination of benefits
services for healthcare payers.
include health and human services programs
in more than 40 states;
, including commercial plans,
, and over 120
Medicaid managed care plans
; the Centers for Medicare and Medicaid Services (CMS); and
Veterans Administration facilities
. As a result of the company's services, clients recovered over $2 billion in 2011, and saved nearly $7 billion through the prevention of erroneous payments.