UNITED MEDICORP ANNOUNCES $250,000 CONTRACT WITH UNIVERSITY OF MIAMI DIAGNOSTIC CLINICS
UNITED MEDICORP ANNOUNCES $250,000 CONTRACT
WITH UNIVERSITY OF MIAMI DIAGNOSTIC CLINICS
DALLAS, Nov. 4 /PRNewswire/ -- Dallas-based United Medicorp, Inc. (NASDAQ: UMCI) (UMC) announced today the signing of an agreement with the University of Miami Diagnostic Clinics. UMC has been contracted to process, manage and collect approximately $750,000 in aged and ongoing medical accounts receivable.
The contract involves one of 18 clinics in the University of Miami healthcare system. UMC expects that this agreement will generate approximately $250,000 in revenue. Additionally, the signing of this agreement introduces UMC's new pricing structure which charges a flat rate per claim vs. a percentage of collections. The new pricing gives providers the ability to accurately forecast collection costs and provides UMC with more definitive revenue projections.
United Medicorp, Inc. provides medical insurance claims processing, management and collections to health care providers. UMC employs proprietary electronic and computer technologies to address the claims management and cash flow needs of its customers, who are primarily hospitals and large medical clinics.
/CONTACT: Kathy Foster of United Medicorp, 214-691-2140/
(UMCI) CO: United Medicorp Inc. ST: Texas IN: HEA SU: CON TS -- NY052 -- 0741 11/04/91 12:31 EST