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HMSY HMS

HMS advances healthcare by helping organizations reduce costs and improve health outcomes. Through its industry-leading technology, analytics and engagement solutions, HMS saves billions of dollars annually while helping consumers lead healthier lives. HMS provides a broad range of payment accuracy and population health management solutions that help move the healthcare system forward.

Company profile

Ticker
HMSY
Exchange
Website
CEO
William Lucia
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Eliza Corporation • Eliza Holding Corp. • ElizaLive, Inc. • Essette, Inc. • HMS Australia Hold Co Pty Ltd • Health Management Systems, Inc. • HMS Care Analytics, Inc. • HMS Claims Recovery Solutions, LLC • IntegriGuard, LLC • Lorica Health Pty Limited ...
IRS number
113656261

HMSY stock data

(
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Calendar

12 Mar 21
23 Oct 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from HMS earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 207.12M 207.12M 207.12M 207.12M 207.12M 207.12M
Cash burn (monthly) 1.3M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 12.71M n/a n/a n/a n/a n/a
Cash remaining 194.41M n/a n/a n/a n/a n/a
Runway (months of cash) 149.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 David A Alexander Common Stock Sale back to company Dispose D No No 0 33,528 0 0
1 Apr 21 David A Alexander Stock Option Common Stock Sale back to company Dispose D No No 39.63 21,755 862.15K 0
1 Apr 21 David A Alexander Stock Option Common Stock Sale back to company Dispose D No No 27.34 39,326 1.08M 0
1 Apr 21 David A Alexander Stock Option Common Stock Sale back to company Dispose D No No 19.48 10,981 213.91K 0
1 Apr 21 David A Alexander Stock Option Common Stock Sale back to company Dispose D No No 19.04 6,468 123.15K 0
1 Apr 21 David A Alexander Stock Option Common Stock Sale back to company Dispose D No No 13.86 3,441 47.69K 0
1 Apr 21 Baicker Katherine Common Stock Sale back to company Dispose D No No 0 7,566 0 0
1 Apr 21 Baicker Katherine Stock Option Common Stock Sale back to company Dispose D No No 38.6 3,183 122.86K 0
1 Apr 21 Baicker Katherine Stock Option Common Stock Sale back to company Dispose D No No 30.71 4,384 134.63K 0
1 Apr 21 Greg D Aunan Common Stock Sale back to company Dispose D No No 0 40,898 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 206 EXIT
Opened positions 0 32 EXIT
Closed positions 206 78 +164.1%
Increased positions 0 65 EXIT
Reduced positions 0 85 EXIT
13F shares
Current Prev Q Change
Total value 0 3.43B EXIT
Total shares 0 80.42M EXIT
Total puts 0 6.5K EXIT
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
BLK Blackrock 0 -14.4M EXIT
Vanguard 0 -9.54M EXIT
Glazer Capital 0 -5.15M EXIT
Magnetar Financial 0 -3.75M EXIT
Millennium Management 0 -3.24M EXIT
GS Goldman Sachs 0 -2.68M EXIT
Aristotle Capital Boston 0 -2.02M EXIT
MS Morgan Stanley 0 -1.94M EXIT
Arp Americas 0 -1.92M EXIT
STT State Street 0 -1.77M EXIT

Financial report summary

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Risks
  • Failure to complete the Merger, or delays in completing the Merger, could materially adversely affect our business, financial condition, results of operations and stock price.
  • Uncertainty about the Merger may adversely affect our business and our relationships with employees, customers, suppliers and others with whom we do business, and the Merger may disrupt our current plans and operations or divert management’s attention away from ongoing business opportunities and operational matters.
  • The Merger Agreement contains provisions that could discourage or deter a potential alternative purchaser that might otherwise have an interest in a business combination with us.
  • Any legal proceedings filed against us in connection with the Merger could delay or prevent the completion of the Merger.
  • The effects of the COVID-19 pandemic could significantly disrupt our operations and adversely affect our business, financial condition, results of operations and cash flows.
  • Our ability to expand our business will be adversely affected if we fail to implement our growth strategy.
  • If we fail to innovate and develop new or enhanced solutions and services, or if these solutions and services are not adopted by our customers, it could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Our acquisition and investment strategy may subject us to considerable business and financial risk.
  • We face significant competition for our solutions and services and we expect competition to continue to increase, which could materially adversely affect our business, financial condition, results of operations and cash flows.
  • Our business could be materially adversely affected by changes in the U.S. healthcare environment or in laws relating to healthcare programs and policies, particularly as they relate to the ACA and the Medicare and Medicaid programs.
  • Healthcare spending fluctuations, simplification of the healthcare payment process or other aspects of the healthcare financing system, budgetary pressures and/or programmatic changes diminishing the scope of program benefits, or limiting payment integrity initiatives, could reduce the need for and the price of our solutions and services, which would have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Our systems and networks and those of third parties on which we rely may be subject to cyber security breaches and other disruptions that could compromise our information and harm our business.
  • System interruptions or failures could expose us to liability and harm our business.
  • Any failure to maintain effective information processing systems and the integrity of the data in, and operations of, those systems could materially adversely affect our business, financial condition, results of operations and cash flows.
  • Our business could be materially adversely affected if we fail to maintain a high level of customer retention or fail to meet performance standards under our customer contracts, or if our customers elect to reduce the scope of our contracts or terminate them before their scheduled expiration dates.
  • We depend on many different entities to supply information, and any inability to successfully manage our relationships with a number of these suppliers may harm the quality and availability of our solutions and services.
  • We may rely on subcontractors and other third party providers to provide customers with a single-source offering or we may serve as a subcontractor to a third party prime contractor. If these parties fail to satisfy their obligations to us or if we are unable to maintain these relationships, our business, financial condition, results of operations and cash flows could be materially adversely affected.
  • We obtain a portion of our business through competitive bidding processes. Reprocurements and future contracts may not be awarded on the same level or our contract awards may be challenged by interested parties which could materially adversely affect our business, financial condition, results of operations and cash flows.
  • We may not be able to deliver our solutions and perform services efficiently if we are unable to attract and retain qualified employees.
  • Our future success depends, in part, on the continued service of members of our management team.
  • Our international operations expose us to a number of business and financial risks, which could materially adversely affect our business, financial condition, results of operations and cash flows.
  • You will not be able to rely on our operating results in any particular period as an indication of our future performance because they are subject to significant fluctuation which may cause the market price of our common stock to decrease significantly.
  • We face challenges associated with forecasting the revenue under our contracts, and any failure to accurately forecast such revenue could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Our outstanding indebtedness could materially adversely affect our financial condition and our ability to operate our business, and we may not be able to generate sufficient cash flows to meet our debt service obligations or capital requirements.
  • Changes in tax rules and regulations, or in interpretations thereof, may materially adversely affect our effective tax rates.
  • Our insurance coverage and self-insurance reserves may not cover future claims, which could materially adversely affect our business, financial condition, results of operations and cash flows.
  • Changes in accounting standards issued by the FASB or other standard-setting bodies may adversely affect our business.
  • If we are unable to protect our proprietary technology, information, processes, know-how, and other intellectual property, or become subject to third party claims of intellectual property infringement or misappropriation, the value of our solutions and services may be diminished and our business may be materially adversely affected.
  • A failure to comply with the laws and regulations regarding individual privacy and information security could subject us to legal actions, fines and penalties and negatively impact our reputation and operations.
  • We are subject to extensive domestic and foreign laws and regulations, including government and customer audits and investigations relating to our compliance with such laws and regulations and a negative finding or other adverse determination could have a material adverse effect on our reputation, business, financial condition, results of operations and cash flows.
  • Adverse judgments or settlements in legal proceedings could materially harm our business, financial condition, operating results and cash flows.
  • Federal and state governments may limit or prohibit outsourcing of certain programs or functions to private entities, refuse to grant consents or waivers necessary for them to perform such work, or impose other limitations on outsourcing that may obstruct cost-effective performance of our contracts.
  • We may be precluded from bidding on or performing certain work due to work we currently perform, which could adversely affect our business, financial condition, results of operations and cash flows.
  • The market price of our common stock may be volatile, and fluctuations in the price of our common stock may materially adversely affect our business, financial condition, results of operations and cash flows and result in significant losses for our shareholders.
  • We do not intend to pay dividends in the foreseeable future.
  • Certain provisions of our certificate of incorporation and bylaws could discourage unsolicited takeover attempts, which could depress the market price of our common stock.
Management Discussion
  • During the year ended December 31, 2020, revenue was $673.3 million, an increase of $46.9 million or 7.5% compared to $626.4 million for the year ended December 31, 2019.
  • o    Coordination of benefits revenue increased $65.1 million or 16.1% largely driven by Accent related revenue of $43.3 million, and incremental services and yield increases provided to non-Accent customers primarily related to cost avoidance and direct bill solutions.
  • o    Payment integrity revenue decreased $10.2 million or 6.3%, primarily related to $10.5 million of revenue recognized in the prior year period resulting from the release of the Company's remaining estimated liability and net receivables in connection with the original Medicare RAC contract in 2019.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
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