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Healthcare Management Administrators (HMA) 2/20/2025
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Healthcare Management Administrators (HMA) 2/20/2025
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Last modified
3/5/2025 11:14:50 AM
Creation date
3/5/2025 11:13:13 AM
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Contracts
Contractor's Name
Healthcare Management Administrators (HMA)
Approval Date
2/20/2025
End Date
12/31/2025
Department
Human Resources
Department Project Manager
Chelsi Bardwell
Subject / Project Title
HMA 2025 Renewal
Tracking Number
0004705
Total Compensation
$372,032.00
Contract Type
Agreement
Contract Subtype
Professional Services (PSA)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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Proving What’s Possible in Healthcare <br />This document contains important terms and conditions which are incorporated by reference into and becomes <br />part of the terms of your contract with us. ©2024, Healthcare Management Administrators, Inc. <br />Disclosures <br />Product/Service Description of Disclosures <br />Payment Integrity <br />Program <br />We retain the following shared savings fees on our Payment Integrity Program: <br />30% of savings –Medical bill audit and claim review, out-of-network claim re-pricing <br />services, claims negotiation and medication and condition steerage programs. <br />30% of savings –Electronic review of claims for code edits prior to payment. <br />Data Mining and Overpayment Recovery <br />15% for current claims and 17% for aged claims retained by Cotiviti on all recoveries. <br />On post-payment COB and Code Edit recoveries identified by Cotiviti, we retain an <br />additional 13-15%. <br />Subrogation services <br />The plan will receive 73% of recovered funds. Of the remaining, 22% is retained by <br />The Phia Group, and 5% is retained by HMA.* <br />*In the event of litigation to enforce the Plan’s right of recovery, The Phia Group fee <br />will increase to 33.3% and HMA shall not retain any compensation. <br />9.5% of recovered funds –credit balance premier health services partner on site <br />with providers across the country. <br />30% of savings –fraud, waste, and abuse <br />•17.5% of savings retained by Optum <br />•12.5% administrative allowance <br />37 <br />Please Note: the content in this and the accompanying Client Insights document is intended to be informational only and <br />cannot be relied upon as legal advice. The Plan Sponsor is ultimately responsible for the compliance of the Plan design and the <br />benefits offered. <br />HRIS Vendor Changes HRIS vendor change requests within 3 years of initial set-up incur a charge of <br />$5,000
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