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ER Urgent Care Centers: Earnings to be Higher than Projected.


MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 -- ER Urgent Care Centers (Pink Sheets:ERUG) announces year-end earnings to be much higher than previously anticipated. The company has brought on-board On board usually means to be traveling on some vehicle. For example, Baby On Board. Compare with overboard.

Metaphorically, the term on-board is often used to refer to some piece of technology that is integrated in a moving vehicle, for example:
 Financial Director, Ray Pinedo to oversee collections of accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . Mr. Pinedo has over 20 years experience in medical billing and collections and ran Isla Verde Isla Verde can refer to either of the following:
  • Isla Verde, Puerto Rico
  • Verde Island Passage, Batangas, Philippines
 Medical Centers in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . The more than $250,000 in receivables to be collected by year's end makes a significant impact on expected earnings. "Where-as before we were unable to effectively turn over patient accounts, now we finally have the tools in place to collect on as much as 85-90% with turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time.  on receivables nearly cut in half," explains Ray. The company has added Electronic billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
  • e-billing
  • EBPP
 and has contracted the services of Health Data Link to run patient eligibility verification. With the addition of electronic billing the company will be able to get claims out to the insurance companies in real time, thus allowing for such claims to be processed and paid within 15-20 days. ER Urgent Care Centers, unlike other types of medical practices, receives a flat fee for service. The company does not bill separately for individual services, giving them a much higher collections to bill ratio than most types of medical practices.

About ER Urgent Care

ERUC Management Company Inc. operates ER Urgent Care Centers in the South Florida area. The "true, bona-fide," "Urgent Care Center" is a one-stop-shop where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.

For more information visit our Web site at www.erurgentcare.net
Or visit our locations at:

  --  850 Ives Dairy Rd.
      North Miami Beach, Fl. 33179

  --  213 North Federal Highway
      Hallandale Beach, Fl. 33009

  --  15463 SW 137th Ave.
      Kendal, Fl. 33177

  --  Coming Soon: Hialeah, Fl. 33012


ER Urgent Care Center is a provider for Amerigroup, Avmed, Humana HUM, Aetna AET AET Aetna, Inc.
AET After Extra Time
AET Actual Evapotranspiration
AET Alliance for Environmental Technology
AET Alpha-Ethyltryptamine
AET Applied Extrusion Technologies, Inc.
, Hip/Vista/Beacon, Medicaid/Medipass/Medi-Kids, Total Health Choice, Blue Cross/Blue Shield of Florida, Assist Card, Cigna CI, Neighborhood Health Partnership, Corvel CRVL, Health Insurance Plans and many more.

For franchising information, please contact Adrian Sanchez or Bruce Rishty, toll free at 888 308-2400.

This press release may contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 covered within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 6, 2004
Words:558
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