Publicly-Held HMOs' Earnings Up in 4th Quarter

Adjusted fourth-quarter 1998 earnings for publicly-held HMOs were up 21.1 percent from the same period in 1997, according to a study by HealthCare Markets Group. The figure excludes Oxford Health Plans, whose legendary dismal performance in the last quarter of '97 skews year-to-year comparisons.

Among the big winners in 1998: PacifiCare, with adjusted earnings up 94 percent, and UnitedHealth Group (formerly United HealthCare), whose adjusted earnings during 1998 were up 17 percent. Managed care stocks, meanwhile, fell 5.5 percent as a whole during the first quarter of this year.

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

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