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HEALTHCARE COMPARE REPORTS FIRST QUARTER RESULTS

 HEALTHCARE COMPARE REPORTS FIRST QUARTER RESULTS
 DOWNERS GROVE, Ill., May 4 /PRNewswire/ -- James C. Smith, president


and chief executive officer of HealthCare COMPARE Corp. (NASDAQ: HCCC), announced today results of operations for the first quarter ended March 31, 1992. These results reflect the completion in February of the merger of HealthCare COMPARE Corp. with Occupational-Urgent Care Health Systems, Inc. (OUCH), and are reported on a pooling-of-interests basis. Consequently, prior period results have been restated for the merger.
 Revenues for the quarter ended March 31, 1992 increased 43 percent to $31,393,000, compared with $22,026,000 for the same quarter a year ago. Earnings before restructuring expenses related to the merger with OUCH increased 78 percent to $6,123,000 or $.17 per share, compared with $3,434,000 or $.10 per share for the same quarter in 1991.
 Smith commented that the primary focus of the quarter was to integrate OUCH into COMPARE and indicated that he was very pleased how smoothly the integration has progressed to date.
 The company recorded a one-time before tax charge of $16.0 million or $.32 per share for restructuring related expenses incurred in connection with the merger with OUCH. As a result of this one-time charge, COMPARE incurred a loss of $5,377,000 or $.15 per share for the quarter.
 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.
 (Unaudited, 000's omitted except for EPS)
 Three months ended
 March 31, 1992 1991
 Results Without
 Reported Restructuring Percent
 Results Expenses Incr.(A)
 Financial Information:
 Revenues $31,393 $31,393 $22,026 43
 Income (loss) before
 Income taxes (5,927) 10,073 5,418 86
 Net income (loss) (5,377) 6,123 3,434 78
 Net income (loss) per
 common share $ (.15) $ .17 $ .10 70
 Weighted average
 shares outstanding 35,400 35,400 34,361 3
 Revenue Information
 Pct. Incr.
 Three months ended March 31 1992 1991 (Decrease)
 PPO and fee schedule services $23,708 $12,705 87
 Utilization review services 6,470 7,284 (11)
 Government contract services 1,215 2,037 (40)
 Total $31,393 $22,026 43
 (A) -- Increase represents change from 1991 to 1992 results without restructuring expenses.
 -0- 5/4/92
 /CONTACT: James C. Smith, president and CEO, or Joseph E. Whitters, chief financial officer of HealthCare COMPARE, 708-241-7900/
 (HCCC) CO: HealthCare COMPARE Corp. ST: Illinois IN: HEA SU: ERN


TS -- NY027 -- 5883 05/04/92 09:28 EDT
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Date:May 4, 1992
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