Pacific Health Care Organization, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 01:17 pm EDT
Share
Pacific Health Care Organization, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 1.43 million compared to USD 1.32 million a year ago. Net income was USD 0.188535 million compared to USD 0.507285 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.04 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, utilization review, workers' compensation carve-outs and Medicare set-aside services. In addition, it also provides lien representation and 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.