Pacific Health Care Organization, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 05:29 pm
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Pacific Health Care Organization, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 1.415 million compared to USD 1.838 million a year ago. Operating income was USD 190,460 compared to USD 489,150 a year ago. Net income was USD 136,997 compared to USD 351,749 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago. For the nine months, total revenue was USD 4.435 million compared to USD 5.437 million a year ago. Operating income was USD 509,825 compared to USD 1.272 million a year ago. Net income was USD 366,714 compared to USD 915,016 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.07 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.
PACIFIC HEALTH CARE ORGANIZATION, INC. 
