Pacific Health Care Organization, Inc. Announces Earnings Results for the Fiscal Year Ended December 31, 2018
March 29, 2019 at 05:51 pm EDT
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Pacific Health Care Organization, Inc. announced earnings results for the fiscal year ended December 31, 2018. For the year, the company reported total revenue of $6,796,913 compared with $6,505,527 a year ago. Net income of $1,359,777 or $0.42 per basic shares and fully diluted share as compared to $964,405 or $0.30 per basic and fully diluted share a year ago.
Pacific Health Care Organization, Inc. is engaged in managing and administering health care organizations (HCOs) and managed provider networks (MPNs) in the state of California. The Company offers an integrated and layered array of complementary business solutions that enable its customers to manage their employee worker compensation-related healthcare administration costs. Its services include providing customers access to its HCOs and MPNs. The Company also provides medical case management, medical bill review, employee advocate services, utilization review, workers' compensation carve-outs and Medicare set-aside services. In addition, it also provides expert witness testimony. It offers its services as a bundled solution, as standalone services, or as add-on services. Its customers include self-administered employers, insurers, third party administrators, municipalities and others. The Company's subsidiaries include Medex Healthcare, Inc., Medex Medical Management, Inc., and others.