| Business Summary | | First
Health
Group
Corp.,
together
with
its
subsidiaries,
is
a
full-service
national
health
benefits
company.
The
Company
specializes
in
serving
large,
national
employers
and
payers
with
a
single
source
for
their
group
health
programs,
providing
comprehensive,
cost-effective
solutions
for
all
the
health
benefits
needs
of
their
employees
nationwide.
Through
its
workers'
compensation
service
line,
the
Company
provides
a
full
range
of
workers'
compensation
services
for
insurance
carriers,
state
insurance
funds,
third-party
administrators
and
large,
self-insured
national
employers.
Through
its
First
Health
Services
service
line,
the
Company
provides
services
to
various
state
Medicaid
and
entitlement
programs
for
claims
administration,
pharmacy
benefit
management
programs
and
medical
management
and
quality
review
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FHCC
provides
Preferred
Provider
Organization,
clinical
cost
management,
fee
schedule
and
other
cost
management
services.
The
Company
also
provides
insurance
coverage.
For
the
six
months
ended
6/30/01,
revenues
rose
11%
to
$275.9
million.
Net
income
increased
24%
to
$49.7
million.
Revenues
reflect
increased
PPO
revenues
due
to
new
client
activity.
Net
income
also
reflects
decreased
cost
of
services
as
a
percentage
of
revenues
due
to
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| James Smith, 60 Chairman,
CEO | $1.7M | $3.5M | Edward Wristen, 49 Pres,
COO, Director | 555K | 1.2M | Daniel Brunner, 57 Exec.
VP, Gov. Affairs | -- | -- | Patrick Dills, 47 Exec.
VP, Sales | 396K | 1.6M | Mary Anne Carpenter, 55 Exec.
VP, Service Products | 452K | 3.1M | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|