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HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS, 91 PERCENT EARNINGS GAIN

 HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS,
 91 PERCENT EARNINGS GAIN
 DOWNERS GROVE, Ill., Aug. 3 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC) announced today that revenues for the second quarter ended June 30, 1992, increased 35 percent to $32,501,000 from $24,109,000 during the same quarter a year ago.
 Earnings for the second quarter increased 91 percent to $7,076,000 or $.20 per share, compared with $3,705,000 or $.11 per share during the same quarter last year.
 Revenues for the six months ended June 30, 1992, increased 38 percent to $63,894,000 compared with $46,135,000 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 85 percent to $13,199,000 or $.37 per share for the six months ended June 30, 1992, compared to net income of $7,139,000 or $.21 per share for the same period last year.
 Smith commented that the integration of the systems, procedures and personnel of COMPARE and OUCH continues to progress well and that COMPARE is beginning to realize significant cost savings as a result of the elimination of duplicate personnel and services. In addition, Smith noted that he was quite pleased with the strong interest in the Company's medical cost management services by existing and prospective clients.
 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.
 (000's omitted except for EPS)
 (Unaudited)
 Pct.
 Three Months Ended June 30 1992 1991 Inc.
 Revenues $32,501 $24,109 35
 Income Before Income Taxes 11,584 5,959 94
 Net Income 7,076 3,705 91
 Net Income Per Common Share $ .20 $ .11 82
 Weighted Average Shares
 Outstanding 35,383 34,621 2
 Six Months Ended June 30, 1992:
 Results Before
 Reported Restructuring Pct.
 Results Expenses 1991 Inc.
 Revenues $63,894 $63,894 $46,135 38
 Inc. Before Income Taxes 5,657 21,657 11,377 90(a)
 Net income 1,699 13,199 7,139 85(a)
 Net income per common share $ .05 $ .37 $ .21 76(a)
 Weighted Average Shares
 Outstanding 35,377 35,377 34,617 2
 (a) Increase represents the change from 1991 to 1992 before restructuring expenses.
 HealthCare COMPARE Corp.
 (000's Omitted)
 Increase
 Three months ended June 30 1992 1991 (Decrease)
 Revenue Information:
 PPO and Fee Schedule Services $25,200 $14,446 74
 Utilization Review Services 6,150 7,300 (16)
 Government Contract Services 1,151 2,363 (51)
 Total $32,501 $24,109 35
 Increase
 Six Months Ended June 30 1992 1991 (Decrease)
 PPO and Fee Schedule Services $48,905 $27,151 80
 Utilization Review Services 12,623 14,584 (13)
 Government Contract Services 2,366 4,400 (46)
 Total $63,894 $46,135 38
 Summary Balance Sheet Information:
 June 30, Dec. 31,
 1992 1991
 Cash $ 51,338 $ 39,514
 Accounts Receivable 19,489 19,617
 Fixed Assets, Net 43,407 41,718
 Other Assets 9,522 3,948
 Total Assets $123,756 $104,797
 Liabilities $ 19,348 $ 16,205
 Stockholders' Equity 104,408 88,592
 Total Liabilities and
 Stockholders' Equity $123,756 $104,797
 -0- 8/3/92 R
 /CONTACT: James C. Smith, president and CEO or Joseph E. Whitters, chief financial officer of HealthCare COMPARE Corp., 708-241-7900/
 (HCCC) CO: HealthCare COMPARE Corp. ST: Illinois IN: SU: ERN


BR -- NY023 -- 6113 08/03/92 11:41 EDT
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Date:Aug 3, 1992
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