Pacific Health Care Organization, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 14, 2019 at 03:52 pm EDT
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Pacific Health Care Organization, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 1.815 million compared to USD 1.661 million a year ago. Operating income was USD 345,758 compared to USD 452,037 a year ago. Net income was USD 248,704 compared to USD 325,154 a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.1 a year ago. For the half year, total revenue was USD 3.598 million compared to USD 3.244 million a year ago. Operating income was USD 783,080 compared to USD 1.007 million a year ago. Net income was USD 563,267 compared to USD 724,835 a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.23 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.
PACIFIC HEALTH CARE ORGANIZATION, INC. 
