HMS Holdings

HMS is enterprising healthcare. We provide the broadest range of healthcare cost containment solutions in the industry – all to help payers improve performance.
Back in 1974, HMS identified the multi-billion-dollar problem with Medicaid coordination of benefits, creating a solution from scratch for providers. We adapted that solution to state agencies and then to Medicaid managed care organizations. Later we pushed beyond coordination of benefits into payment integrity – including Medicare – and data solutions for health plans, state and federal agencies, and employers.
Today we are the most comprehensive cost containment company for healthcare payers in America. Using innovative technology as well as powerful data services and analytics, our solutions cover the entire payment continuum including eligibility verification, payment accuracy, fraud identification and prevention, cost savings, performance improvement, and provider education.
Most important, we save our customers billions of dollars a year in overpayment recoveries and billions more through the prevention of improper payments – targeting fraud, waste, and abuse; inappropriate claims; and ineligible claimants. We have one out of every three Americans under contact and strive to make the healthcare system better for everyone.
Enterprising is HMS. And HMS is enterprising healthcare.

Company Growth (employees)
Irving, US
Size (employees)
2,287 (est)
HMS Holdings was founded in 1974 and is headquartered in Irving, US

HMS Holdings Office Locations

HMS Holdings has an office in Irving
Irving, US (HQ)
5615 High Point Dr
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HMS Holdings Financials and Metrics

HMS Holdings Financials

HMS Holdings's revenue was reported to be $489.7 m in FY, 2016

Revenue (Q2, 2017)

133.3 m

Net income (Q2, 2017)

6.5 m

EBIT (Q2, 2017)

14.4 m

Market capitalization (22-Dec-2017)

1.5 b

Cash (30-Jun-2017)

51.4 m
HMS Holdings's current market capitalization is $1.5 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


491.8 m443.2 m474.2 m489.7 m

Revenue growth, %


Sales and marketing expense

189.3 m

R&D expense

37.3 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


127.8 m104.7 m112.6 m113.8 m110.3 m116.9 m118.4 m119.8 m123.6 m124.6 m113.7 m133.3 m

Sales and marketing expense

48 m46.9 m44.2 m42.4 m42.7 m42.3 m42.3 m46.4 m47.3 m48.3 m48.9 m51.9 m

R&D expense

9.7 m9.2 m10.2 m9.8 m10 m10.4 m10 m9.6 m9.1 m9.5 m9.8 m11.3 m

General and administrative expense

19.7 m16.5 m17.9 m19.3 m21.3 m20.9 m21.4 m22.9 m22.2 m24.9 m23.6 m27.6 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


64.9 m94.8 m97 m135.2 m93.4 m133.1 m145.6 m176 m

Accounts Receivable

2.9 m

Current Assets

285.3 m317.6 m336.5 m367.6 m


123 m116 m96.6 m92.2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


109.4 m76.3 m95.9 m120.2 m133.5 m150.4 m144.8 m143.5 m187.9 m171.5 m168.3 m51.4 m

Current Assets

313.4 m255.9 m272.1 m302.3 m324.9 m335.8 m337.8 m329.8 m357.3 m366 m355.9 m271.5 m


126.1 m118.7 m118.3 m116.9 m110.4 m104.9 m99.4 m91.8 m87.9 m91.5 m93.2 m95.9 m


361.5 m361.5 m361.5 m361.5 m361.5 m361.5 m361.5 m361.5 m361.5 m378.6 m379.7 m491.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

24.5 m37.6 m

Depreciation and Amortization

58.1 m

Accounts Receivable

(22 m)5.8 m(12 m)(3.6 m)

Cash From Operating Activities

101.2 m98.8 m70.7 m88.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

28.9 m15.8 m4.6 m13.1 m26.6 m1.4 m8 m

Depreciation and Amortization

44.3 m13.7 m16.3 m

Accounts Receivable

(20.9 m)982 k13.6 m9.2 m(10.2 m)(24 m)3.4 m16.8 m8.5 m7 m(9 m)

Cash From Operating Activities

75.2 m21.3 m47.5 m79.8 m(95 k)40.5 m599 k45.7 m54.4 m3.4 m20.7 m
Y, 2017

Financial Leverage

1.7 x
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HMS Holdings Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Eliza CorporationMarch 14, 2017$170 m

HMS Holdings Market Value History

HMS Holdings's Web-traffic and Trends

HMS Holdings Online and Social Media Presence

HMS Holdings Company Life and Culture

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