Pacific Health Care Organization, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 10:12 pm
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Pacific Health Care Organization, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 1.466 million compared to USD 1.815 million a year ago. Operating income was USD 148,184 compared to USD 345,758 a year ago. Net income was USD 106,589 compared to USD 248,704 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. For the half year, total revenue was USD 3.019 million compared to USD 3.598 million a year ago. Operating income was USD 319,365 compared to USD 783,080 a year ago. Net income was USD 229,717 compared to USD 563,267 a year ago. Basic earnings per share from continuing operations was USD 0.02 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, 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. 
