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US HMS reports USD20m profit in Q4  Join our daily free Newsletter

MENAFN - 23/02/2013

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(MENAFN) US medical services firm HMS Holdings Corp. reported an 80 percent increase in quarterly profits, AP reported.

The company said it made USD20 million net profit during the fourth quarter, up from USD11.1 million a year earlier.

HMS also reported a 34 percent increase in quarterly revenue to USD133.1 million from USD99.7 million a year ago.

For full-2012, HMS reported a 6 percent increase in profits to USD50.5 million, vompared to 2011.

Revenue grew by 30 percent to USD473.7 million, as revenue from its Medicare, Medicaid, and commercial insurance businesses all improved in 2012.

HMS coordinates benefits and performs billing audits for government health care programs. It works on Medicaid, the state-federal program that covers the needy and disabled; and Medicare, the federal program that covers the elderly and disabled patients.

 






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