| Business Summary | | United
Medicorp
Inc.,
incorporated
in
March
1989,
provides
medical
insurance
claims
processing
and
accounts
receivable
management
services
to
healthcare
providers.
The
Company
employs
proprietary
and
purchased
software
to
provide
claims
processing,
billing
and
collection
services
to
its
customers,
which
are
primarily
hospitals,
medical
clinics
and
physician
practices.
The
Company's
medical
claims
processing
service
is
designed
to
expedite
payment
of
claims
from
private
insurance
carriers
or
government
payors
such
as
Medicare
and
Medicaid.
The
Company
also
offers
to
its
customers
processing
and
collection
services
for
uncollected
backlog
(aged)
claims
that
were
not
originally
submitted
through
the
Company's
electronic
claims
processing
system. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Medicorp
Inc.
provides
medical
insurance
claims
processing
and
accounts
receivable
management
services
to
healthcare
providers
using
proprietory
and
purchased
software.
For
the
six
months
ended
6/30/01,
total
revenues
rose
24%
to
$1.4
million.
Net
income
totalled
$165
thousand
vs.
a
loss
of
$161
thousand.
Results
reflect
an
increase
in
collection
agency
services
revenue
and
a
decrease
in
wages
and
benefits
and
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Peter Seaman, 50 Chairman,
Pres, CEO | $132K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|