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HEALTHCARE COMPARE CORP. COMMENTS ON ANALYSTS' 1993 ESTIMATES

 DOWNERS GROVE, Ill., March 30 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), commented today that, based on the current rate of new business additions, he is uncomfortable with 1993 estimates that exceed $160 million in revenue and earnings of $1.10 per share.
 Smith stated that while he is pleased with the level of sales activity at ALTA Health Strategies, Employee Benefit Plans, and State Farm Individual Policyholders, and expects to fully realize the benefit of these third party sales relationships, the ramp up of closed contracts has occurred at a slower rate than anticipated. Additionally, during the Federal Employee Health Benefit Plan (FEHBP) open enrollment period, some of the company's FEHBP plan clients lost a significant number of enrollees for 1993. Smith also stated that the success which the company is enjoying in its overall sales efforts, and in consolidating its contracts with national workers' compensation insurance carriers and large third party administrators will help the company realize its revised revenue and earnings estimate.
 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- 3/30/93
 /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: HEA SU:

SM -- NY093 -- 1234 03/30/93 17:16 EST
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Publication:PR Newswire
Date:Mar 30, 1993
Words:305
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