Pacific Health Care Organization, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 04:27 pm
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Pacific Health Care Organization, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 1.838 million compared to USD 1.676 million a year ago. Operating income was USD 489,150 compared to USD 440,810 a year ago. Net income was USD 351,749 compared to USD 317,076 a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.1 a year ago. For the nine months, total revenue was USD 5.437 million compared to USD 4.921 million a year ago. Operating income was USD 1.272 million compared to USD 1.448 million a year ago. Net income was USD 915,016 compared to USD 1.041 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.33 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. 
