Chicago Department of Revenue Extends Contract with Accordis, Leading Business Office Outsourcing Provider.Business Editors/Health/Medical Writers CHICAGO--(BUSINESS WIRE)--May 8, 2003 After a successful three-year engagement, Accordis (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HMSY HMSY Health Management Systems, Inc (stock symbol) ), a leading business office outsourcing services company serving healthcare and ambulance transport providers, today announced that the Chicago Department of Revenue has extended its agreement with the company for an additional year. Through this contract, Accordis is responsible for primary billing and subsequent collection activity for all ambulance transports operated by the City of Chicago. "Working with Accordis, the City of Chicago has increased its collections on emergency medical transport billings. We are looking forward to a continued successful working relationship with Accordis and attaining our collection goals for the next year," said William Keenan, Deputy Director of the Chicago Department of Revenue. The Chicago Department of Revenue operates the second largest emergency medical system in the United States, with more than 200,000 annual transports. Last year, the New York City Fire Department The New York City Fire Department or the Fire Department of New York (FDNY) has the responsibility for protecting the citizens and property of New York City's five boroughs from fires and fire hazards, providing emergency medical services, technical rescue as well as , the largest operator of emergency medical transports in the nation with approximately 500,000 transports a year, signed a similar five-year agreement with Accordis. "In this challenging economic environment when state and local governments are facing significantly reduced budgets, business office outsourcing provides a cost-efficient solution for accelerating cash collections, increasing revenue and reducing expenses," said Robert Holster, President of Accordis. "We are honored that the Chicago Department of Revenue is extending its agreement with us and look forward to continuing our successful partnership, benefiting the residents of Chicago." Accordis provides similar business office outsourcing services to other major healthcare institutions, including the Los Angeles County Department of Health Services The Los Angeles County Department of Health Services (DHS) in Los Angeles County's department providing public and personal health services to the over 10 million residents in the County. , The George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. Hospital and other facilities of Universal Health Services Universal Health Services, Inc. NYSE: UHS is a Fortune 500 company based in King of Prussia, Pennsylvania. This company is one of the nation's largest health care management companies, operating acute care hospitals, behavioral health facilities and ambulatory centers (NYSE NYSE See: New York Stock Exchange : UHS), the California Department of Veterans Affairs, and the Cook County Bureau of Health Services in Illinois. ABOUT ACCORDIS Founded in 1974 as the Provider Services Division of Health Management Systems, Inc., Accordis furnishes business office outsourcing services to healthcare providers nationwide. The Company's services assist clients in increasing revenue, accelerating cash flow, and reducing operating and administrative costs. Accordis is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of HMS Holdings Corp., listed on NASDAQ under the symbol HMSY. The Company is headquartered in New York, with offices in Baltimore, Chicago, Dallas, and Los Angeles. For more information, please visit: http://www.accordisinc.com |
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