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Home > Company Index > Health Products & Services > Medical Practice Management & Services > Health Management Systems, Inc.

Health Management Systems, Inc.
Nasdaq: HMSY
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 PROFILE
We all make mistakes, but Health Management Systems finds the costly ones. The company supplies information management services, data processing services, and software to hospitals and health care providers, government health agencies, and other health care companies. The company develops systems for retroactive insurance claims reprocessing and third-party liability recovery. In response to managed care's emphasis on up-front cost savings, Health Management Systems has sold its electronic data interchange business. HCA is Health Management Systems' biggest client, accounting for almost 10% its revenues.

 COMPETITION
IDX Systems Corporation (IDXC)
McKesson HBOC, Inc. (MCK)

 DEALS
Deal: Medi.com Buys Health Management System's Division
Date Announced: 01.17.01
Value of transaction (US $Mil): 0
Description: Web-based electronic health care services provider Medi.com purchases electronic data interchange processing department of Health Management System.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: October
2000 Sales (mil.): 98.10
1-Yr. Sales Growth: (14.0)%
Employees: 900
Revenue per employee: $109,000.00

 KEY PEOPLE
• William F. Miller
    CEO
• Robert M. Holster
    CFO

 CONTACT INFO
401 Park Ave. South
New York, NY 10016
US
Phone: 212-685-4545
Fax: 212-889-8776
Online: Web Site

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