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HEALTHCARE COMPARE CORP. REPORTS RECORD RESULTS, 46 PCT. EARNINGS GAIN

 DOWNERS GROVE, Ill., April 26 /PRNewswire/ -- James C. Smith, president and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), announced today that revenues for the first quarter ended March 31, 1993, increased 19 percent to $37,412,000 from $31,393,000 during the same quarter a year ago.
 Earnings for the first quarter increased 46 percent to $8,925,000 or $.25 per share, compared with $6,123,000 or $.17 per share during the same quarter last year. The comparative results for the first quarter of 1992 exclude a one-time restructuring expensectual first quarter earnings ann ounced today are in fact substantially in line with original estimates. As previously announced by Mr. Smith, current estimates regarding the growth in revenues and earnings during the second half of the year are not as high as those original estimates.
 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 its clients. The company has achieved 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.
 (000s omitted except for EPS)
 (Unaudited)
 Pct.
 Three months ended March 31 1993 1992(A) Increase
 Revenues $37,412 $31,393 19
 Income before income taxes 14,584 10,073 45
 Net income 8,925 6,123 46
 Net income per common share $.25 $.17 47
 Weighted average shares outstanding 35,421 35,400 --
 (A) -- Results excluding a one-time pretax restructuring charge of $16 million ($11.5 million after tax or $.32 per share) incurred in connection with the February 1992 merger with Occupational-Urgent Care Health Systems, Inc. (OUCH). If this charge were included, there would have been a net loss for the quarter of $5,377,000 or $.15 per share.
 (000s omitted)
 Three months ended March 31 1993 1992 Increase
 (Decrease)
 Revenue information:
 PPO and fee schedule services $29,274 $23,708 23
 Utilization review services 6,878 6,470 6
 Government contract services 1,260 1,215 4
 Total $37,412 $31,393 19
 Summary Balance Sheet Information
 3/31/93 12/31/92
 Cash and short-term investments $84,038 $73,109
 Accounts receivable 22,489 20,778
 Fixed assets, net 45,304 44,978
 Other assets 2,419 7,228
 Total assets $154,250 $146,093
 Liabilities $13,574 $15,788
 Stockholders' equity 140,676 130,305
 Total liabilities and
 stockholders' equity $154,250 $146,093
 -0- 4/26/93
 /CONTACT: James C. Smith, president and CEO, or Joseph E. Whitters, CFO of HealthCare COMPARE Corp., 708-241-7900/
 (HCCC)


CO: HealthCare COMPARE Corp. ST: Illinois IN: HEA SU: ERN

CK -- NY034 -- 0551 04/26/93 10:19 EDT
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Date:Apr 26, 1993
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/C O R R E C T I O N -- HEALTHCARE COMPARE CORP/

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