| Business Summary | | Metropolitan
Health
Networks,
Inc.
operates
as
a
Provider
Service
Network
(PSN),
specializing
in
managed
care
risk
contracting.
The
Company
was
incorporated
in
January
1996
to
develop
a
vertically
and
horizontally
integrated
healthcare-delivery
network
(the
Network).
The
Network
initially
was
intended
to
provide
primary
and
subspecialty
physician
care,
while
capturing
diagnostic
and
therapeutic
services.
The
Company
pursued
this
business
plan
through
1999,
with
the
acquisition,
expansion
and
integration
of
physician
care
practices,
and
diagnostic
and
rehabilitation
centers
in
Dade,
Broward
and
Palm
Beach
County,
Florida.
In
2000,
the
Company
shifted
its
focus,
and,
as
of
year-end
2000,
the
Company
had
HMO
agreements
to
manage
risk
in
south
and
central
Florida
and
was
responsible
for
approximately
45,000
patient
lives. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Metropolitan
Health
Networks,
Inc.
operates
as
a
Provider
Service
Network,
specializing
in
managed
care
risk
contracting.
The
Company's
previous
focus
was
to
develop
a
vertically
and
horizontally
integrated
healthcare-delivery
network.
For
the
six
months
ended
6/30/01,
revenues
rose
1%
to
$60.1
million.
Net
income
rose
from
$504
thousand
to
$3.1
million.
Revenues
reflect
funding
increases
in
PSN
operations.
Earnings
reflect
improved
utilization
in
managing
the
Daytona
market. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Fred Sternberg, 60 Chairman,
Pres, CEO | $160K | David Gartner, 42 CFO,
Sec. | 103K | Debra Finnel, 38 COO,
VP | 132K | Roman Fisher, 50 CIO | -- | 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
|
|