Health insurer services vendor HMS Holdings will acquire claims review firm and Medicare Recovery Audit Contractor HealthDataInsights Inc. for $400 million. The companies expect the deal to close by year-end.
New York-based HMS provides a range of software and professional services to government and commercial insurers. Its government business includes Medicare, Medicaid and CHIP, state employee plans, child support agencies and military health. Its services include program integrity, eligibility and enrollment, customer service call centers and pharmacy cost avoidance, such as identifying and redirecting claims to liable third parties.
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