Welcome to our dedicated page for PACIFIC HLTH CRE ORGZ news (Ticker: PFHO), a resource for investors and traders seeking the latest updates and insights on PACIFIC HLTH CRE ORGZ stock.
Pacific Health Care Organization, Inc., known as Pacific Health Care, specializes in workers’ compensation cost containment. The company aims to reduce clients' workers’ compensation-related medical claims expenses, shorten claim duration, and ensure timely and appropriate medical care for injured employees. Operating in California, Pacific Health Care offers a range of cost containment services, including Health Care Organizations, Medical Provider Networks, medical case management, utilization review, medical bill review, workers’ compensation carve-outs, Medicare set-aside services, lien representation, and expert witness testimony. The company's services can be bundled, standalone, or add-on options.
Financially, Pacific Health Care reported a net income of $176,427 for the three months ended June 30, 2023, with total revenues of $1,298,894 for the same period. The company emphasizes that workers’ compensation costs continue to rise due to various factors such as medical costs, inflation, and fraud. Through its subsidiaries, Pacific Health Care remains committed to providing effective solutions to help clients manage these costs efficiently while ensuring injured workers receive necessary care to return to work promptly.
Pacific Health Care Organization, Inc. (PFHO) announced its financial results for the fiscal year ended December 31, 2022. The Company reported total revenues of $5,744,957, an increase from $5,403,110 in 2021. However, net income fell to $492,886 or $0.04 per share, down from $995,020 or $0.08 per share in the previous year. Operating cash flow increased by 84% to $711,237. The Company also reported a significant rise in cash used for investments, totaling $8,760,177 primarily due to purchasing U.S. Treasury bills. Cash on hand decreased to $2,036,432 from $10,085,372.
Pacific Health Care Organization, Inc. (OTCQB: PFHO) reported its financial results for Q3 and the first nine months of 2022. The company achieved a net income of $192,005 in Q3 2022, up from $76,846 in Q3 2021, with total revenues rising 11% to $1,453,997. Year-to-date, net income is $505,064, a decrease from $678,842 in 2021. Revenues for the nine-month period increased by 8% to $4,281,831. Cash provided by operating activities grew 27% to $572,310. The cash balance as of Sept 30, 2022, stood at $10,640,063.
Pacific Health Care Organization reported its quarterly results for the period ending March 31, 2022. Total revenue increased to $1,427,383 from $1,324,362 year-over-year. Income from operations rose to $262,109 compared to $120,593 in Q1 2021. However, net income dropped to $188,535 or $0.01 per share, down from $507,285 or $0.04 per share the previous year due to the absence of forgiven PPP loan income. Operating cash flow improved to $459,370, but investing activities saw a minor increase in cash usage.
Pacific Health Care Organization (OTCQB: PFHO) announced its annual financial results for the fiscal year ended December 31, 2021. Total revenue decreased to $5,403,110 from $6,042,718 in 2020. Net income rose to $995,020 or $0.08 per share, compared to $549,570 or $0.04 per share in the previous year. Significant income was recognized from forgiven PPP loans totaling $684,785. However, net cash provided by operating activities fell by 39% to $386,391. Cash at year-end increased to $10,085,372.
Pacific Health Care Organization (OTCQB: PFHO) announced its quarterly results for Q2 2021, reporting a net income of $94,711, down from $106,589 in Q2 2020. Total revenues fell by 8% to $1,343,451 compared to the previous year. For the first half of 2021, net income rose to $601,996, a significant increase over $229,717 in H1 2020. However, total revenues declined by 12% year-over-year to $2,667,813. Cash from operating activities also decreased by 13%. The company specializes in workers' compensation cost containment services.
Pacific Health Care Organization (OTCQB: PFHO) issued a correction regarding typographical errors in its May 17, 2021 press release on quarterly results for Q1 2021. The company mistakenly reported net income figures and cash used in investing activities referring to the year 2020 instead of 2021. The corrected figures reflect a net income of $507,285 ($0.04 per share) compared to $123,128 ($0.01 per share) for Q1 2021. The company specializes in workers’ compensation cost containment, addressing the significant annual costs in California.
Pacific Health Care Organization (OTCQB: PFHO) announced its Q1 2021 financial results, reporting $1,324,362 in revenue, a decline from $1,552,909 in Q1 2020. Net income rose to $507,285 or $0.04 per share compared to $123,128 or $0.01 per share in Q1 2020. Operating cash flow improved slightly to $414,528 from $404,754. The company maintains a cash balance of $9,909,751 as of March 31, 2021, up from $9,498,457 at year-end 2020.
Pacific Health Care Organization (PFHO) announced its fiscal 2020 results, revealing total revenue of $6,042,718, a decline from $7,330,940 in 2019. The net income also decreased to $549,570 or $0.04 per share, down from $1,198,060 or $0.09 per share the previous year. Operating cash flow fell by 9% to $987,441, while cash at year-end increased to $9,498,457. The company's focus remains on reducing costs in the workers' compensation sector, amid rising medical expenses.
FAQ
What is the current stock price of PACIFIC HLTH CRE ORGZ (PFHO)?
What is the market cap of PACIFIC HLTH CRE ORGZ (PFHO)?
What is Pacific Health Care Organization, Inc. focused on?
What are the core services offered by Pacific Health Care?
Where does Pacific Health Care primarily operate?
How does Pacific Health Care aim to add value to clients?
What financial information was reported by Pacific Health Care recently?
Why are workers’ compensation costs increasing according to Pacific Health Care?
How does Pacific Health Care provide its services?
What types of services does Pacific Health Care offer for workers’ compensation cost containment?
How does Pacific Health Care approach ensuring injured employees receive timely care?
Where can I find more information about Pacific Health Care's financial results and filings?
