, a wholly owned subsidiary of
HMS Holdings Corp.
(NASDAQ:HMSY), announced today 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
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.
HMS has performed third party liability services on behalf of Alaska for over 20 years. Over the course of the most recent contract term from July 1, 2007—June 30, 2012, HMS provided DHCS with more than $49 million in recoveries and generated $35 million more in cost avoidance savings.
is the nation's leader in
coordination of benefits
services for healthcare payers.
's clients include
health and human services programs
in more than 40 states; commercial programs, including
, and over 135
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 $2.5 billion in 2011, and saved nearly $7 billion through the prevention of erroneous payments.