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PCA'S SECOND QUARTER EARNINGS TO RISE SHARPLY, EXCEED CURRENT ANALYST'S ESTIMATES; HMO MEMBERSHIP CLIMBS WITH BIG GAINS SEEN IN MEDICAID AREA

 MIAMI, July 15 /PRNewswire/ -- Physician Corporation of America (NASDAQ: PCAM) expects to report second quarter earnings of between $0.50 and $0.55 per share, compared to current analysts' estimates for the period of between $0.40 and $0.45 per share. PCA intends to announce actual results early in August.
 E. Stanley Kardatzke, M.D., chairman and CEO said the effectiveness of the company's medical management system has resulted in a second quarter medical loss ratio which will be comparable to the 73 percent medical loss ratio achieved in the first quarter of this year.
 June HMO membership rose 26 percent to approximately 333,000 from about 265,000 in June 1992. Dr. Kardatzke said PCA experienced growth in all lines of business with the most notable increase in the Medicaid area where membership increased 46 percent to approximately 154,000 from 99,000 in June 1992.
 Dr. Kardatzke attributed PCA's strong growth to continued internal marketing efforts as well as the expansion of its geographic area into six new counties in the state of Florida.
 Expansion initiatives currently under way include the previously announced two-year contract to provide Medicaid services to approximately 24,000 beneficiaries in the Austin area commencing Aug. 1, 1993 as well as the ongoing efforts to enter the HMO markets of Tennessee and Georgia through new Medicaid managed care programs.
 Dr. Kardatzke said the company intends to build upon its success in Florida and Texas in providing HMO services to Medicaid beneficiaries by introducing the product in Tennessee and Georgia. He pointed out that PCA stresses preventive care and reduction in the use of costly emergency room services in its delivery of managed care to Medicaid members. As a result, PCA has been able to reduce the cost of providing quality health care services to Medicaid members while sharing a portion of these savings with government sponsors.
 Physician Corporation of America provides comprehensive health care services through its health maintenance organizations located in Florida and Texas. The company's HMOs cover commercial groups and individuals as well as beneficiaries of government programs.
 -0- 7/15/93
 /CONTACT: Kamal Hamid, financial analyst of Physician Corporation of America, 305-267-6223/
 (PCAM)


CO: Physician Corporation of America ST: Florida IN: HEA SU: ERP

JB-SS -- FL003 -- 1788 07/15/93 09:08 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
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