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HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS, 133 PERCENT EARNINGS GAIN

 HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS,
 133 PERCENT EARNINGS GAIN
 DOWNERS GROVE, Ill., Feb. 18 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), announced today that revenues for the fourth quarter ended Dec. 31, 1991, increased 62 percent to $19,612,000 from $12,080,000 during the same quarter a year ago. Earnings for the fourth quarter increased 133 percent to $4,365,000 or $.17 per share, compared with $1,875,000 or $.08 per share during the same quarter last year.
 Revenues for the twelve months ended Dec. 31, 1991, increased 68 percent to $70,910,000 compared with $42,238,000 for fiscal 1990. Net income for the twelve months ended Dec. 31, 1991, increased 131 percent to $12,757,000 or $.50 per share compared to net income of $5,514,000 or $.23 per share for the same period last year.
 Smith stated that he was very pleased with the fourth quarter results which continued the strong earnings and revenue growth trend that the company has established over the last two years. This trend is primarily attributable to the continued development and expansion of the company's national PPO network. Smith also noted that approximately $.02 of earnings per share for the quarter related to the reversal of prior building expense accruals resulting from the purchase of the company's corporate headquarters in Downers Grove, Ill.
 HealthCare COMPARE/AFFORDABLE is America's leading independent provider of medical cost management services. COMPARE/AFFORDABLE provides both utilization management services and negotiation of fixed price contracts with medical providers in order to develop and maintain preferred provider networks for the exclusive use of our clients. The company said it achieves significant medical cost savings for its clients...without compromising the quality of care or freedom of choice.
 HEALTHCARE COMPARE CORP.
 (000's omitted except for EPS)
 (Unaudited)
 Three Months Ended
 Dec. 31,
 1990 1991 Pct. Incr.
 Revenues $12,080 $19,612 62
 Income Before Income Taxes 2,819 7,139 153
 Net Income 1,875 4,365 133
 Net Income Per Common Share $ .08 $ .17 113
 Weighted Average Shares
 Outstanding 24,504 25,689 5
 Twelve Months Ended
 Dec. 31,
 1990 1991 Pct. incr.
 Revenues $42,238 $70,910 68
 Income Before Income Taxes 8,234 20,292 146
 Net Income 5,514 12,757 131
 Net Income Per Common Share $ .23 $ .50 117
 Weighted Average Shares
 Outstanding 23,946 25,357 6
 HEALTHCARE COMPARE CORP.
 (000's Omitted)
 Three Months Ended Dec. 31,
 Pct. incr.
 1990 1991 (Decrease)
 Revenue Information:
 PPO Services $ 3,897 $11,412 193
 Utilization Review Services 6,293 6,682 6
 Government Contract Services 1,890 1,518 (20)
 Total $12,080 $19,612 62
 Twelve Months Ended Dec. 31,
 1990 1991 Pct. incr.
 PPO Services $10,846 $34,092 214
 Utilization Review Services 24,945 28,445 14
 Government Contract Services 6,447 8,373 30
 Total $42,238 $70,910 68
 Summary Balance Sheet Information:
 Dec. 31,
 (000's Excluded)
 1990 1991
 Cash $34,782 $25,882
 Accounts Receivable 6,357 11,861
 Income Taxes Refundable - 1,515
 Fixed Assets, Net 9,493 28,645
 Other Assets 1,496 1,743
 Total Assets $52,128 $69,646
 Liabilities $ 9,016 $ 8,224
 Stockholders' Equity 43,112 61,422
 Total Liabilities and
 Stockholders' Equity $52,128 $69,646
 -0- 2/18/92
 /CONTACT: James C. Smith, president and CEO, or Joseph E. Whitters, chief financial officer, of HealthCare COMPARE, 708-241-7900/
 (HCCC) CO: HealthCare COMPARE Corp. ST: Illinois IN: HEA SU: ERN


KD -- NY027 -- 9807 02/18/92 09:57 EST
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Date:Feb 18, 1992
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