NEW YORK, Aug. 11 HMS today announced that it had been awarded a contract by ValueOptions(R), a behavioral health care company headquartered in Norfolk, Virginia, to perform coordination of benefits and overpayment services for ValueOptions(R) at risk Plans, which cover approximately 1.5 million Medicaid members in five states. HMS will identify ValueOptions(R) Medicaid members that have other healthcare coverage, and recover overpayments from liable third parties.
"This contract extends HMS's reach into the behavioral health market, where we can play a significant role in helping Medicaid control the escalating costs of mental health services," said Christina Dragonetti, HMS Executive Vice President for Managed Care Services.
ValueOptions(R), the nation's largest independent behavioral health care company, provides services to more than 23 million individuals through a variety of contracts with state and county agencies, as well as with health plans and employers. ValueOptions(R) is a managed care company that specializes in management for all behavioral health issues, and mental health and chemical dependency diagnoses.
ValueOptions(R) supports the unique needs of client organizations with traditional managed care products, integrated behavioral health care services, as well as wellness and prevention initiatives and work/life programs.
About HMS (Nasdaq: HMSY)
HMS is the leader in coordination of benefits and program integrity services for government healthcare programs. The company's clients include health and human services programs in more than 40 states, 100 Medicaid managed care plans, the Centers for Medicare and Medicaid Services (CMS), and Veterans Administration facilities. HMS helps ensure that healthcare claims are paid correctly and by the responsible party. As a result of the company's services, government healthcare programs recover over $1 billion annually, and avoid billions of dollars more in erroneous payments.