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Home > Company Index > Diversified Services > Legal Services > Healthcare Recoveries, Inc.

Healthcare Recoveries, Inc.
Nasdaq: HCRI
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 PROFILE
Healthcare Recoveries, Inc. (HRI) helps private health care payors get paid themselves. The health insurance subrogation firm attempts to recover the value of accident-related health care benefits from third parties (such as auto insurers) on behalf of HMOs, health insurers, employee health plans, and Blue Cross and Blue Shield organizations. Spun off from Medaphis in 1997, HRI uses an automated recovery process to handle everything from processing the initial claim to offering guidance on claim settlement. HRI's main client is UnitedHealth Group, which accounts for almost 25% of company revenues.

 COMPETITION
Aetna Inc. (AET)
CIGNA Corporation (CI)
Humana Inc. (HUM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 63.60
1-Yr. Sales Growth: 3.6%
Employees: 677
Revenue per employee: $93,943.87

 KEY PEOPLE
• Patrick B. McGinnis
    CEO
• Douglas R. Sharps
    CFO

 CONTACT INFO
1400 Watterson Tower
Louisville, KY 40218
US
Phone: 502-454-1340
Fax: 502-454-1350
Online: Web Site

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