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By M. William Salganik and M. William Salganik,SUN STAFF | November 14, 1997
Mid Atlantic Medical Services Inc. of Rockville posted its third consecutive positive quarter for the three months ending Sept. 30.The return to profitability comes after three consecutive negative quarters last year, and at a time when some other managed care insurers are continuing to experience losses.Profit for the quarter was $4.7 million, a mirror image of the $4.7 million loss in the same quarter of 1996. Earnings were 10 cents a share, in line with analysts' estimates, and continuing the trend of gradual improvement, with two cents a share in the first quarter this year and six cents in the second.
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BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | August 19, 2005
The state medical society yesterday filed suit against UnitedHealth Group, the Minnesota health insurance giant, charging that United is illegally requiring doctors to contract with all of its health plans in order to contract with any of them. T. Michael Preston, executive director of MedChi, the 7,000- member medical society, said the freedom to choose among different plans offered by an insurer was "a major issue for physicians" and was guaranteed under a state law passed in 2000. The suit was filed in Circuit Court in Montgomery County.
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BUSINESS
May 15, 1997
Mid Atlantic Medical Services Inc.1'Ticker .... .... .... .... Yesterday'sSymbol .... .... .... .... Cls. .... Chg.MME .... .... .... .... .12 7/8 unchgPeriod endedMarch 31 .... .... .... 1st qtr. ... ... Year ago .... .. Chg.Revenue .... .... ..... $283,165 ... ... $271,558 ... ... 4.3%Net Income ... ... .... $806 ... ... ... $11,900 ... ....-93.2Primary EPS ... ... ... $0.02 ... ... .. $0.25 ... ... .-92.0%Figures in thousands (except per share data).Pub Date: 5/15/97
BUSINESS
By M. William Salganik fTC and M. William Salganik fTC,SUN STAFF Bloomberg News contributed to this article | October 2, 1998
Another HMO, Mid Atlantic Medical Services Inc.'s Optimum Choice, pulled out of the Maryland Medicare market yesterday, joining a flow that has become a flood.Also, United HealthCare Corp.'s Medicare HMO announced it was pulling out of the Eastern Shore, Southern Maryland and Western Maryland, but would continue to operate in the Baltimore-Washington metropolitan area.HMOs are complaining that they're losing money on Medicare, but as the deadline for deciding whether to participate in Medicare next year arrived, the Clinton administration told a trade group yesterday that it would not allow HMOs to cut benefits or increase premiums.
BUSINESS
October 8, 1997
Two Maryland HMOs made the top 10 rankings published this week in U.S. News & World Report.Columbia Medical Plan was eighth and Kaiser Health Plan of the Mid-Atlantic ninth in the magazine's second annual list, with four-star rankings.The rankings are based on data collected by the National Committee for Quality Assurance, which accredits HMOs. The NCQA publishes its information, but does not combine data to produce rankings. U.S. News uses figures on 17 measures, such as the rate of children receiving recommended immunizations and percentage of physicians who are board certified.
BUSINESS
By M. William Salganik fTC and M. William Salganik fTC,SUN STAFF Bloomberg News contributed to this article | October 2, 1998
Another HMO, Mid Atlantic Medical Services Inc.'s Optimum Choice, pulled out of the Maryland Medicare market yesterday, joining a flow that has become a flood.Also, United HealthCare Corp.'s Medicare HMO announced it was pulling out of the Eastern Shore, Southern Maryland and Western Maryland, but would continue to operate in the Baltimore-Washington metropolitan area.HMOs are complaining that they're losing money on Medicare, but as the deadline for deciding whether to participate in Medicare next year arrived, the Clinton administration told a trade group yesterday that it would not allow HMOs to cut benefits or increase premiums.
BUSINESS
By John Fairhall and John Fairhall,Sun Staff Writer | April 26, 1995
Striving to overcome doubts about the future profitability of the HMO industry, Mid Atlantic Medical Services Inc. yesterday reported record first-quarter earnings.Earnings for the first three months of 1995 were $16.9 million, or 36 cents per share, up from $13.5 million, or 29 cents a share, in the same period a year ago. Revenue was $221 million, a 23 percent increase.The Rockville-based company, the largest Maryland-based operator of health maintenance organizations, also announced a 12 percent increase in subscribers in the first three months of the year, from 1.21 million to 1.35 million.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | May 10, 1996
Mid Atlantic Medical Services took a big, though expected, dip in first-quarter profits, and the Rockville-based health maintenance organization company said customers simply used a lot more medical care than it had expected.The news, announced Wednesday after the stock market closed, took less of a bite out of Mid Atlantic's stock than it might have. The shares had dropped $5 to $18.75 after an April 26 announcement that earnings could fall by up to 36 percent, and closed unchanged yesterday at $18.75.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | August 19, 2005
The state medical society yesterday filed suit against UnitedHealth Group, the Minnesota health insurance giant, charging that United is illegally requiring doctors to contract with all of its health plans in order to contract with any of them. T. Michael Preston, executive director of MedChi, the 7,000- member medical society, said the freedom to choose among different plans offered by an insurer was "a major issue for physicians" and was guaranteed under a state law passed in 2000. The suit was filed in Circuit Court in Montgomery County.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | November 14, 1997
Mid Atlantic Medical Services Inc. of Rockville posted its third consecutive positive quarter for the three months ending Sept. 30.The return to profitability comes after three consecutive negative quarters last year, and at a time when some other managed care insurers are continuing to experience losses.Profit for the quarter was $4.7 million, a mirror image of the $4.7 million loss in the same quarter of 1996. Earnings were 10 cents a share, in line with analysts' estimates, and continuing the trend of gradual improvement, with two cents a share in the first quarter this year and six cents in the second.
BUSINESS
October 8, 1997
Two Maryland HMOs made the top 10 rankings published this week in U.S. News & World Report.Columbia Medical Plan was eighth and Kaiser Health Plan of the Mid-Atlantic ninth in the magazine's second annual list, with four-star rankings.The rankings are based on data collected by the National Committee for Quality Assurance, which accredits HMOs. The NCQA publishes its information, but does not combine data to produce rankings. U.S. News uses figures on 17 measures, such as the rate of children receiving recommended immunizations and percentage of physicians who are board certified.
BUSINESS
May 15, 1997
Mid Atlantic Medical Services Inc.1'Ticker .... .... .... .... Yesterday'sSymbol .... .... .... .... Cls. .... Chg.MME .... .... .... .... .12 7/8 unchgPeriod endedMarch 31 .... .... .... 1st qtr. ... ... Year ago .... .. Chg.Revenue .... .... ..... $283,165 ... ... $271,558 ... ... 4.3%Net Income ... ... .... $806 ... ... ... $11,900 ... ....-93.2Primary EPS ... ... ... $0.02 ... ... .. $0.25 ... ... .-92.0%Figures in thousands (except per share data).Pub Date: 5/15/97
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | July 9, 1996
Mid Atlantic Medical Services Inc. served another disappointing warning to shareholders yesterday, saying that unexpectedly sick patients will cause it to book its first quarterly loss in years.The Rockville-based health insurer, which covers more than 1.5 million health maintenance organization members and other beneficiaries from Pennsylvania to North Carolina, said it expected to lose between 5 and 10 cents per share -- $2.4 to $4.8 million -- for the three months that ended June 30. In the same period last year it earned 29 cents per share.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | May 10, 1996
Mid Atlantic Medical Services took a big, though expected, dip in first-quarter profits, and the Rockville-based health maintenance organization company said customers simply used a lot more medical care than it had expected.The news, announced Wednesday after the stock market closed, took less of a bite out of Mid Atlantic's stock than it might have. The shares had dropped $5 to $18.75 after an April 26 announcement that earnings could fall by up to 36 percent, and closed unchanged yesterday at $18.75.
BUSINESS
By John Fairhall and John Fairhall,Sun Staff Writer | April 26, 1995
Striving to overcome doubts about the future profitability of the HMO industry, Mid Atlantic Medical Services Inc. yesterday reported record first-quarter earnings.Earnings for the first three months of 1995 were $16.9 million, or 36 cents per share, up from $13.5 million, or 29 cents a share, in the same period a year ago. Revenue was $221 million, a 23 percent increase.The Rockville-based company, the largest Maryland-based operator of health maintenance organizations, also announced a 12 percent increase in subscribers in the first three months of the year, from 1.21 million to 1.35 million.
BUSINESS
By John Fairhall and John Fairhall,Sun Staff Writer | February 19, 1995
One of Maryland's largest insurers is directing mental health therapists to cut the volume of patient services or risk losing fees, raising the widely debated issue of profits vs. treatment in the insurance industry.Officials of Mid Atlantic Medical Services Inc. say they want to eliminate only "medically unnecessary care." But leading Maryland mental health groups say such financial pressure amounts to "threats" that could undermine care of Mid Atlantic's 1.3 million subscribers.Mid Atlantic's actions and vehement responses from mental health professionals underscore an intensifying debate in the medical community, Congress and state legislatures about the growing power of insurance companies to control mental and physical health care.
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