Pacific Health Care Organization, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 18, 2023 at 03:23 pm
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Pacific Health Care Organization, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 1.3 million compared to USD 1.4 million a year ago. Net income was USD 0.176427 million compared to USD 0.124524 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the six months, revenue was USD 2.61 million compared to USD 2.83 million a year ago. Net income was USD 0.307536 million compared to USD 0.313059 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.02 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.