Pacific Health Care Organization, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 05:08 pm EST
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Pacific Health Care Organization, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 1.45 million compared to USD 1.31 million a year ago. Net income was USD 0.192005 million compared to USD 0.076846 million a year ago. Basic earnings per share from continuing operations was USD 0.02 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 nine months, revenue was USD 4.28 million compared to USD 3.98 million a year ago. Net income was USD 0.505064 million compared to USD 0.678842 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.05 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. 
