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HEALTHCARE COMPARE CORP. COMMENTS ON ANALYSTS' 1993 ESTIMATES

 DOWNERS GROVE, Ill., Dec. 28 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), commented today on analysts' 1993 estimates, indicating that he continues to be comfortable at this time with revenue estimates for 1993 of approximately $175,00,0000 and earnings for the year of between $1.20 and $1.25 per share.
 Smith noted that since effective Jan. 1, the company will begin providing PPO services to several major insurance carriers and third party administrators, and utilization review services to Government Employees Hospital Association, the company will incur considerable expenses for hiring and training of related staff (during the first quarter of 1993). In addition, for new PPO clients there is a four to six month ramp-up period before revenues from new PPO clients reach their anticipated levels. As a result, Smith noted that he is not comfortable at this time with 1993 first quarter earnings per share estimates in excess of $.26.
 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.
 -0- 12/28/92
 /CONTACT: James C. Smith, president-CEO, or Joseph E. Whitters, CFO, both of HealthCare COMPARE Corp., 708-241-7900/
 (HCCC)


CO: Healthcare COMPARE Corporation ST: Illinois IN: HEA SU: ERP

TM -- NY040 -- 0194 12/28/92 18:54 EST
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Publication:PR Newswire
Date:Dec 28, 1992
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