PEER REVIEW ANALYSIS PROJECTS YEAR END RESULTS
PEER REVIEW ANALYSIS PROJECTS YEAR END RESULTS BOSTON, March 11 /PRNewswire/ -- Peer Review Analysis, Inc.
(NASDAQ: PRAI) announced today that revenue for the year ended Dec. 31, 1991 is anticipated to be reported at $8.2 million with earnings per share at 10 cents, consistent with earlier projections.
The company has also announced that revenue and income performance in the first quarter of 1992 will likely be below expectations, principally due to lower healthcare utilization rates, generally, as well as timing delays in the implementation of new contracts. However, the company has begun to implement those new contracts and continues to sign on new accounts. Peer Review Analysis, Inc. is a leading national provider of physician-intensive, specialty matched healthcare utilization management programs. The company believes that it is unique among healthcare utilization management firms in that it emphasizes intensive centralized reviews by independent, board-certified physicians who represent the major medical specialities. Peer Review Analysis, Inc. provides a wide range of managed healthcare services designed to assure quality and appropriateness of medical treatment at the most reasonable cost. Peer Review Analysis, Inc.'s services are a component of the healthcare programs of more than eight million people nationwide. Its clients include major commercial health insurance companies, Blue Cross/Blue Shield plans, HMOs, third-party healthcare administrators and employer groups. -0- 3/11/92 /CONTACT: Eric R. Spitzer, president and chief executive officer, Peer Review Analysis, 617-322-6400/ (PRAI) CO: Peer Review Analysis, Inc. ST: Massachusetts IN: HEA SU:
EG-PB -- NE004 -- 7353 03/11/92 14:25 EST
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|Date:||Mar 11, 1992|
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