| Business Summary | | Healthcare
Recoveries,
Inc.
(HCRI)
is
an
independent
provider
of
outsourcing
of
insurance
subrogation
and
certain
other
medical
claims
recovery
and
cost
containment
services
to
the
private
healthcare
payor
industry
in
the
United
States.
HCRI's
primary
business
is
medical
claims
recovery
and
its
primary
product
is
subrogation
recovery,
which
generally
entails
the
identification,
investigation
and
recovery
of
accident-related
medical
benefits
incurred
by
its
clients
on
behalf
of
their
insureds,
but
for
which
other
persons
or
entities
have
primary
responsibility.
The
Company's
other
medical
claims
recovery
services
include
the
auditing
of
the
bills
of
medical
providers,
particularly
hospitals,
for
accuracy,
correctness
and
compliance
with
contract
terms
and
the
recovery
of
overpayments
attributable
to
duplicate
payments,
failures
to
coordinate
benefits
and
similar
errors
in
payment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Healthcare
Recoveries
is
an
independent
provider
of
health
insurance
subrogation
and
related
recovery
services
for
private
healthcare
payors
in
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$32
million.
Net
income
rose
1%
to
$2.4
million.
Revenues
reflect
lower
claims
revenues
due
to
a
decrease
in
provider
bill
audit
recoveries.
Earnings
were
offset
by
a
gross
margin
expansion,
the
absence
of
special
committee
expenses
and
increased
interest
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Patrick McGinnis, 53 Chairman,
CEO | $351K | Douglas Sharps, 47 CFO,
Exec. VP-Fin. and Admin., Sec. | 207K | Robert Bader, Jr., 44 Exec.
VP- Overpayments Operations | 207K | Debra Murphy, 45 Exec.
VP- Subrogation Operations | -- | Kevin O'Donnell, 54 Exec.
VP -- Corp.; Pres, SAI Sales Division | -- | 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
|
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