- HMS Holdings (NASDAQ:NASDAQ:HMSY) reports Commercial health plan revenue grew 29.4% to $56M in Q1.
- Payment integrity revenue (excl. Medicare RAC) increased 15.5% to $28.5M.
- Coordination of benefits revenue decreased 0.5% to $82.9M.
- Non-Medicare RAC Federal and other revenue declined 5.9% to $4.8M.
- Operating margin rate improved 110 bps to 8.3%.
- Adjusted EBITDA rose 10% to $27.02M.
- The company expects operating costs for FY2016 to be flat Y/Y.