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HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS, 70 PERCENT EARNINGS GAIN

 HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS,
 70 PERCENT EARNINGS GAIN
 DOWNERS GROVE, Ill., Nov. 2 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), announced today that revenues for the third quarter ended Sept. 30, 1992, increased 26 percent to $33,805,000 from $26,746,000 during the same quarter a year ago. Earnings for the third quarter increased 70 percent to $7,898,000 or $.22 per share, compared with $4,645,000 or $.13 per share during the same quarter last year.
 Revenues for the nine months ended Sept. 30, 1992, increased 34 percent to $97,699,000 compared with $72,881,000 for the same period last year. Net income before restructuring expenses related to the first quarter 1992 merger with Occupational-Urgent Care Health Systems, Inc. (OUCH) increased 79 percent to $21,097,000 or $.59 per share for the nine months ended Sept. 30, 1992, compared to net income of $11,784,000 or $.34 per share for the same period last year.
 Mr. Smith noted that he was pleased with the quarterly results which reflect the integration and cost savings associated with synergies realized from the merger with OUCH. Additionally, Mr. Smith commented that the company is in the process of gearing up for the implementation of its largest utilization review (UR) contract ever with the Government Employee Hospital Association which will significantly increase UR revenues in 1993.
 HealthCare COMPARE Corp. is America's leading independent provider of medical cost management services and offers the most comprehensive managed care programs available. COMPARE provides utilization management (COMPARE Medical Review Programs), computer assisted bill review and pricing services (OUCH Systems) and negotiation of fixed price contracts with medical providers to develop and maintain preferred provider networks (The AFFORDABLE Medical Networks) for the exclusive use of our clients. We achieve significant medical cost savings for both group health and workers' compensation clients... without compromising the quality of care or freedom of choice.
 HEALTHCARE COMPARE CORP.
 (In thousands except earnings per share - Unaudited)
 Percent
 Three months ended Sept. 30 1992 1991 Increase
 Revenues $33,805 $26,746 26
 Income Before Income Taxes 12,875 7,430 73
 Net Income 7,898 4,645 70
 Net Income Per Common Share $ .22 $ .13 69
 Weighted Average Shares
 Outstanding 35,443 35,073 1
 Nine months ended Sept. 30 1992
 Results Before
 Reported Restructuring Percent
 Results Expenses 1991 Increase
 Revenues $97,699 $97,699 $72,881 34
 Income Before Income Taxes 18,532 34,532 18,807 84(A)
 Net Income 9,597 21,097 11,784 79(A)
 Net Income Per Common Share $ .27 $ .59 $ .34 74(A)
 Weighted Average Shares
 Outstanding 35,384 35,384 34,765 2
 (A) Increase represents the change from 1991 to 1992 before restructuring expenses.
 HEALTHCARE COMPARE CORP.
 (In thousands)
 Percent Increase
 Three months ended Sept. 30 1992 1991 (Decrease)
 Revenue Information:
 PPO and Fee Schedule Services $26,704 $17,047 57
 Utilization Review Services 5,992 7,244 (17)
 Government Contract Services 1,109 2,455 (55)
 Total $33,805 $26,746 26
 Percent Increase
 Nine months ended Sept. 30 1992 1991 (Decrease)
 PPO and Fee Schedule Services $75,609 $44,198 71
 Utilization Review Services 18,615 21,828 (15)
 Government Contract Services 3,475 6,855 (49)
 Total $97,699 $72,881 34
 HEALTHCARE COMPARE CORP.
 Summary Balance Sheet Information
 9/30/92 12/31/91
 Cash $ 65,608 $ 39,514
 Accounts Receivable 18,841 19,617
 Fixed Assets, Net 42,966 41,718
 Other Assets 8,028 3,948
 Total Assets $135,443 $104,797
 Liabilities $ 17,665 $ 16,205
 Stockholders' Equity 117,778 88,592
 Total Liabilities and
 Stockholders' Equity $135,443 $104,797
 -0- 11/2/92
 /CONTACT: James C. Smith, president and CEO, or Joseph E. Whitters, chief financial officer, 708-241-7900, both of HealthCare COMPARE Corp./
 (HCCC) CO: HealthCare COMPARE Corp. ST: Illinois IN: HEA SU: ERN


SM -- NY034 -- 1504 11/02/92 10:33 EST
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Date:Nov 2, 1992
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