Health Management Systems, Inc. - HMSY- Profile

Health Management Systems, Inc. provides data processing, information management services and software to health care providers, public and commercial payors of health care expenses, and other companies serving the healthcare industry. The company uses application of information management techniques to enhance the reimbursability of a client's services, increase the amount of revenue collected, and reduce administrative costs and improve management processes. The company's customers include hospitals,long-term care facilities and large commercial payors and state Medicaid agencies. The company acquired Health management receivables, LLC July 1999. Consulting services accounted for 60% of 1999 revenues and software services, 40%.