Pacific Health Care Organization Inc. (PFHO)
OTCQB OTCQB Primary Summary
Reviewing Pacific Health Care Organization (OTCMKTS:PFHO) & Embecta (NASDAQ:EMBC)
Pacific Health Care Organization (OTCMKTS:PFHO - Get Free Report) and Embecta (NASDAQ: EMBC - Get Free Report) are both small-cap medical companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, risk, analyst recommendations, earnings and profitability. Analyst Ratings This is a summary
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Pacific Health Care Organization Inc. Profile
| Health Care Providers & Services Industry | Healthcare Sector | Tom Kubota CEO | OTCQB Exchange | 69439P407 CUSIP |
| US Country | 30 Employees | 20 Jun 2023 Last Dividend | 6 Jan 2020 Last Split | - IPO Date |
Overview
Pacific Health Care Organization, Inc., together with its subsidiaries, distinguishes itself as a leading specialty workers' compensation cost containment firm in the United States. The company dedicates its services to the efficient management and administration of health care organizations (HCOs) and medical provider networks (MPNs), catering to a broad spectrum of clients including self-administered employers, insurers, third-party administrators, municipalities, and other entities. Initially known as Clear Air, Inc., the organization underwent a name change to Pacific Health Care Organization, Inc. in January 2001, marking a significant pivot in its business direction. Founded in 1970 and headquartered in Irvine, California, Pacific Health Care has established a solid foundation and reputation in the workers' compensation industry through its comprehensive suite of services.
Products and Services
The portfolio of services offered by Pacific Health Care Organization, Inc. spans various critical aspects of workers’ compensation cost containment and management, tailored to meet the diverse needs of its clientele:
- Management and Administration of HCOs and MPNs - The company excels in the orchestration of Health Care Organizations and Medical Provider Networks, ensuring optimized access and quality of care for workers' compensation patients.
- Utilization Review - Through this service, Pacific Health Care offers expert assessment of the medical necessity, appropriateness, and efficiency of health care services provided to patients, ensuring compliance with established standards.
- Medical Case Management - This involves personalized oversight of a patient's case, coordinating necessary health care services to facilitate recovery, minimize complication risks, and expedite return to work.
- Medical Bill Review - By analyzing and auditing medical bills, the company guarantees that charges are in line with contracted rates, applicable laws, and medical guidelines, aiding in cost reduction.
- Lien Representation - Pacific Health Care provides representation services for clients in the resolution of lien disputes, an essential aspect of cost containment in workers' compensation.
- Workers’ Compensation Carve-Outs - The company designs specialized programs that allow employers and unions to customize workers' compensation benefits, fostering enhanced labor relations and potential cost savings.
- Expert Witness Testimony - In litigated cases, Pacific Health Care avails seasoned experts to offer testimony on medical management and cost containment in workers’ compensation, supporting legal proceedings.
- Medicare Set-Aside Services - The company assists in preparing Medicare Set-Aside arrangements, ensuring compliance with Medicare requirements in workers' compensation settlements.
