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HEALTH RISK MANAGEMENT REPORTS FOURTH QUARTER AND YEAR END RESULTS; FOURTH QUARTER REVENUES INCREASED 73 PERCENT

 HEALTH RISK MANAGEMENT REPORTS FOURTH QUARTER AND YEAR END RESULTS;
 FOURTH QUARTER REVENUES INCREASED 73 PERCENT
 MINNEAPOLIS, Aug. 27 /PRNewswire/ -- Health Risk Management, Inc. ("HRM") (NASDAQ: HRMI), reported today that revenues for the fourth quarter ended June 30, 1992, increased 73 percent over the comparable fourth quarter of fiscal 1991. Fourth quarter revenues were $8,955,000 compared to the previous fourth quarter of $5,179,000. Net income for the fourth quarter was $119,000 or $.03 per share including a one-time $64,000 charge against earnings or $.02 per share for the settlement of a three-year-old litigation matter. This compares to net income of $426,000 or $.11 per share for the comparable fourth quarter of fiscal 1991.
 Gary T. McIlroy, M.D., HRM chairman and chief executive officer, said, "We are pleased with our quarterly growth in operating income and the revenue momentum we are carrying into fiscal 1993, and we expect revenue and net income to grow quarter over quarter in fiscal 1993."
 Six million dollars of new sales contracts have been signed to date for services to be delivered in fiscal 1993. Included in the $6 million, but not previously announced, are $2 million in new contracts with Big River Minerals Corporation, Warner Electric, Mueller Industries Brass, Lafarge Corporation, The Home Depot, National Travelers Life Company, the Kentucky State District Council of Carpenters Health and Welfare Fund, and Quality Stores, Inc.
 Revenues for fiscal year 1992 ended June 30 increased 38 percent to $27,828,000 compared to 20,212,000 for the previous fiscal year. The company took one-time charges of $692,000 or $.18 per share that contributed to a $95,000 loss for the year or $.02 per share. In the previous fiscal year, HRM reported earnings of $1,537,000 or $.46 per share.
 McIlroy also stated that "HRM met most of its strategic goals for fiscal 1992 which included a revenue increase of 38 percent, successful acquisition of a third party administration (TPA) business, successful launch of the practice guidelines as a commercial product which is key to HRM's leadership in the managed care industry, a major reorganization, and expansion of the sales and marketing function."
 Headquartered in Minneapolis, Health Risk Management, Inc., provides a broad range of integrated managed health care services to self-insured employers, unions, governmental entities, HMOs, and insurance company clients.
 HEALTH RISK MANAGEMENT, INC.
 Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except share data)
 Periods ended Three Months Year
 June 30 1992 1991 1992 1991
 Revenues:
 Care review, case
 management and price
 control services $5,890 $4,363 $20,553 $17,132
 Claims administration
 services 2,824 455 6,505 1,746
 Information management
 and consulting services 241 361 770 1,334
 Total revenues 8,955 5,179 27,828 20,212
 Operating expenses:
 Cost of services 5,466 2,957 17,117 11,939
 Depreciation and amort.,
 principally cost of
 services 998 522 2,929 2,017
 Selling and marketing 1,301 831 4,144 2,609
 Administration 934 578 3,109 2,170
 Total operating expenses 8,699 4,888 27,299 18,735
 Operating income 256 291 529 1,477
 Other income (expense):
 Interest income 40 205 439 464
 Reorganization charge -- -- (600) --
 Interest expense (106) (64) (354) (379)
 Other expense (64) -- (92) --
 Total other inc. (expense) (130) 141 (607) 85
 Income (loss) before
 income taxes 126 432 (78) 1,562
 Provision for income taxes 7 6 17 25
 Net income (loss) $ 119 $ 426 $ (95) $ 1,537
 Net income (loss) per com.
 and com. equivalent share $.03 $.11 $(.02) $.46
 Weighted average com. and
 com. equivalent shares 3,895,038 3,900,277 3,899,558 3,050,287
 Balance Sheet Information
 6/30/92 3/31/92 6/30/91
 Assets:
 Cash and cash equivalents $ 4,125 $ 5,689 $13,428
 Other current assets 4,783 4,742 2,736
 Fixed assets, contract rights,
 software, etc., net 17,774 17,606 7,630
 Other assets 1,631 916 275
 Total $28,313 $28,953 $24,069
 Liabilities and shareholders'
 equity:
 Current liabilities $ 6,493 $ 7,121 $ 3,747
 Other liabilities 2,760 2,943 1,284
 Shareholders' equity 19,060 18,889 19,038
 Total $28,313 $28,953 $24,069
 -0- 8/27/92
 /CONTACT: Nancy Hurd, director of public relations of HRM, 612-829-3749/
 (HRMI) CO: Health Risk Management, Inc. ST: Minnesota IN: HEA SU: ERN


GK-TM -- NY004 -- 3763 08/27/92 08:01 EDT
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