| Business Summary | | Health
Risk
Management,
Inc.
through
its
wholly
owned
subsidiary,
the
Health
Plan,
operates
one
Medicaid
HMO
(Health
Medical
Organization)
in
the
Commonwealth
of
Pennsylvania.
The
HMO
is
licensed
in
Pennsylvania
by
the
Department
of
Insurance
and
contracts
with
the
Department
of
Public
Welfare
for
both
the
Philadelphia-based
and
central
Pennsylvania-based
plans
to
enroll
Commonwealth
Medicaid
beneficiaries.
The
Company
has
centralized
a
number
of
services
at
its
principal
executive
office
in
Minnesota
in
performing
claims
adjudication,
medical
management,
financial
reporting,
information
services
and
compliance.
Provider
relations,
network
management,
claims
assistance,
care
management
and
general
administrative
duties
are
performed
at
the
Health
Plan
headquarters
in
Philadelphia
and
at
a
satellite
office
in
Harrisburg,
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HRMIE
provides
administrative
services
and
products
for
integrated
health
plan
management,
generates
QualityFIRST
revenues
from
the
sale
of
evidence-based
clinical
decision
support
software;
and
operates
a
HMO.
For
the
three
months
ended
3/31/01,
revenues
fell
22%
to
$44.5
million.
Net
loss
totaled
$4
million
vs.
an
income
of
$104
thousand.
Revenues
reflect
the
inclusion
of
$16.3
million
in
ceded
premiums.
Net
loss
reflects
increased
severance
costs
and
audit
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Corbett Price Chairman | -- | -- | Pamela Hursh, 37 Pres,
Indemnity Bus. Unit | -- | -- | Luis Rosa, 46 Pres,
Risk Bus. Unit | -- | -- | Thomas Clark, 52 Exec.
VP for Acquisitions and Bus. Devel. | $111K | $142K | Adele Kimpell, 53 Exec.
VP, Operational Effectivenes | 114K | 12K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|