Managed Care

PacifiCare Health Systems, Inc.

The Company

PacifiCare Health Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: PHSYA)") else Response.Write("(Nasdaq: PHSYA)") end if %> is one of the nation's leading managed health care services companies. Total membership grew to approximately 3,967,000 at March 31, 1997, a 102% increase over the same period a year ago -- comprising increases of 112% and 92% for commercial and Medicare membership, respectively. The company, through its Secure Horizons program, operates the largest and one of the fastest growing Medicare risk programs in the U.S. The company has a pharmacy benefit management group called Preferred Solutions that serves about one million members.

Latest Financials

Total operating revenue for the quarter ended March 31, 1997 increased 59% to $1.8 billion compared to $1.2 billion for the same period a year ago. Earnings for the quarter were $43 million, or $1.12 per share, compared to earnings for the same period a year earlier of $32 million, or $1.01 per share. The company recently warned that its second quarter earnings would be less than half of what most analysts were forecasting.

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