hms holdings corp (HMSY) Details
HMS Holdings Corp. provides cost containment services to government and private healthcare payers and sponsors. The company’s services include co-ordination of benefits and program integrity services. Its co-ordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to co-ordinate benefits for incoming claims; and program integrity services identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements. It serves state Medicaid agencies; the centers for Medicare and Medicaid services; commercial health plans, including Medicaid managed care, Medicare Advantage, and group health lines of business; government and private employers; Pharmacy Benefit Managers; child support agencies; the Veterans Health Administration; and other healthcare payers and sponsors. HMS Holdings Corp. was founded in 1974 and is headquartered in New York, New York.
Last Reported Date: 05/13/13
Founded in 1974
hms holdings corp (HMSY) Top Compensated Officers
Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $425.0K
Executive Vice President and President of HDI
Total Annual Compensation: $396.1K
Chief Development Officer and Executive Vice ...
Total Annual Compensation: $400.0K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2012.
HMS Holdings Corp. announced delayed 10-Q filing
May 13 13
On 05/13/2013, HMS Holdings Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
HMS Holdings Corp. Enters into $500 Million Five-Year, Amended and Restated Revolving Credit Agreement
May 6 13
On May 3, 2013, HMS Holdings Corp. entered into a $500 million five-year, amended and restated revolving credit agreement with the financial institutions identified therein as lenders and Citibank, N.A. as Administrative Agent. The Credit Agreement is guaranteed by the company's material subsidiaries as designated by the Company from time to time or as required under the Credit Agreement (the Guarantors), and is supported by a security interest in all or substantially all of the company's and the Guarantors' personal property assets. The Credit Agreement amends and restates in its entirety the revolving and term loan credit agreement, dated as of December 16, 2011, among the company, the Guarantors, Citibank, N.A., as Administrative Agent, and the other financial institutions identified therein as lenders. The Prior Credit Agreement provided for a $450 million secured revolving and term loan credit facility through December 16, 2016. The Credit Agreement provides for an initial $500 million in revolving credit facilities, and, under specified circumstances, the revolving credit facility can be increased or one or more incremental term loan facilities can be added provided that the incremental credit facilities do not exceed in the aggregate the sum of (a) $75 million plus (b) an additional amount not less than $25 million, so long as the Company's total secured leverage ratio, calculated giving pro forma effect to the requested incremental borrowing and other customary and appropriate pro forma adjustment events, including any permitted acquisitions, is no greater than 2.5:1.0. The Credit Agreement contains certain customary representations and warranties, affirmative and negative covenants, and events of default. Principal covenants include a maximum Consolidated Leverage Ratio reducing from 3.50:1.00 to 3.25:1.00 over the next two years and a minimum Interest Coverage Ratio of 3.00:1.00.
HMS Holdings Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Revises Earnings Guidance for the Year 2013
Apr 26 13
HMS Holdings Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of USD 116.607 million compared to USD 107.314 million a year ago. Operating income was USD 15.268 million compared to USD 16.041 million a year ago. Income before income taxes were USD 11.560 million compared to USD 11.948 million a year ago. Basic and diluted earnings per share were USD 0.08 compared to USD 0.08 a year ago. Net cash provided by operating activities were USD 15.953 million compared to USD 15.498 million a year ago. Purchases of property and equipment were USD 9.100 million compared to USD 8.522 million a year ago. Adjusted EBITDA was USD 31.614 million compared to USD 32.360 million a year ago. Diluted adjusted EPS was USD 0.15 compared to USD 0.16 a year ago. Net income and comprehensive income was USD 6.976 million against USD 7.043 million a year ago.
The company is lowering 2013 guidance to cover a range of possible revenue and EPS outcomes. For the full year, revenue guidance is revised to USD 495.0 to USD 525.0 million from USD 570.0 to USD 600.0 million, and fully diluted GAAP EPS is revised to USD 0.57 to USD 0.63 from USD 0.63 to USD 0.70. Adjusted EPS is revised to USD 0.89 to USD 0.95 from USD 0.95 to USD 1.02.