UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission file number 0-20946
(Check One) x Form 10-K __ Form 20-F __ Form 11-K __ Form 10-Q __ Form N-SAR
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For Period Ended: 12-31-01
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
____________________________
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
HEALTH MANAGEMENT SYSTEMS, INC.
Full Name of Registrant
Former Name if Applicable
401 Park Avenue South
Address of Principal Executive Office (STREET AND NUMBER)
New York, NY 10016
City, State and Zip Code
PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check appropriate box)
x (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
x (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the
prescribed due date; and
__ (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed with the
prescribed time period.
As a consequence of the previously disclosed divestiture transactions and
accounting charges incurred by Health Management Systems, Inc. ("the
Registrant") during the current year, the Registrant has not been able to
complete the compilation of the requisite financial data and other narrative
information in sufficient time for the Registrant to complete its Annual Report
on Form 10-K by the required filing date without unreasonable effort and
expense.
The Registrant represents that its annual report on Form 10-K will be filed no
later than the fifteenth calender day following the prescribed due date of
April 1, 2002.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Philip Rydzewski 212 685-4545
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such reports been
filed? If answer is no identify report(s).
x Yes __ No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? Yes x No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
Health Management Systems, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date 04/01/02 By /s/ Philip Rydzewski, Chief Financial Officer
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Philip Rydzewski, Chief Financial Officer