1196501--3/9/2007--HMS_HOLDINGS_CORP

related topics
{regulation, government, change}
{system, service, information}
{stock, price, operating}
{regulation, change, law}
{acquisition, growth, future}
{tax, income, asset}
{provision, law, control}
{debt, indebtedness, cash}
{customer, product, revenue}
{competitive, industry, competition}
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 SAFE HARBOR COMPLIANCE STATEMENT FOR FORWARD-LOOKING STATEMENTS Our Operating Results Are Subject To Significant Fluctuations Due To Variability In The Timing Of When We Recognize Contingency Fee Revenue And Other Factors. As A Result, You Will Not Be Able To Rely On Our Operating Results In Any Particular Period As An Indication Of Our Future Performance. The Majority Of Our Contracts With Customers May Be Terminated For Convenience We Face Significant Competition For Our Services Simplification Of The Healthcare Payment Process Could Reduce The Need For Our Services Changes In The United States Healthcare Environment Could Have A Material Negative Impact On Our Revenue And Net Income We Are Subject To Extensive Government Regulation, And Any Violation Of The Laws And Regulations Applicable To Us Could Reduce Our Revenue And Profitability And Otherwise Adversely Affect Our Operating Results. We Must Comply With Restrictions On Patient Privacy And Information Security, Including Taking Steps To Ensure That Our Business Associates Who Obtain Access To Sensitive Patient Information Maintain Its Confidentiality Our Businesses Depend On Effective Information Systems And The Integrity Of The Data In Our Information Systems. We Depend On Information Suppliers. If We Are Unable To Manage Successfully Our Relationships With A Number Of These Suppliers, The Quality And Availability Of Our Services May Be Harmed. We Depend On Our Largest Clients For Significant Revenue, And If We Lose A Major Client, Our Revenue Could Be Adversely Affected. The Level Of Our Annual Profitability Has Historically Been Significantly Affected By Our Third and Fourth Quarter Operating Results. Successful Integration Of BSPA Into The Company Is Dependent On Several Factors, And The Failure To Realize The Expected Benefits Of The Acquisition Of BSPA Could Have An Adverse Effect On Our Operations. Our Indebtedness Results In Significant Debt Service Obligations And Limitations. We May Not Be Able To Realize The Entire Book Value Of Goodwill And Other Intangible Assets From Acquisitions Certain Provisions In Our Certificate Of Incorporation Could Discourage Unsolicited Takeover Attempts, Which Could Depress The Market Price Of Our Common Stock

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