Today’s issue of WorkCompRecap features the release of Coventry’s fourth-quarter and full year 2010 earnings. Highlights from the release included the closure of the Mercy Health Plan acquisition in October, an increase of 108,000 in commercial risk membership, growth in Medicare Advantage, Medicare Part D, and Medicaid. Rounding off the highlights was their “excellent liquidity position”.
Find out more (including a link to the full earnings release!) by clicking here.
Also of note on the earnings front is yesterday’s release from Crawford & Company, which touted an increase in fourth quarter net income, and the fulfillment of a four year old pledge to restore their dividend. Crawford’s Broadspire division did however post a decline in revenues vs 4Q ’09, and an operating loss, citing lower workers’ comp claim referrals as a result of lower U.S. employment levels, the bankruptcy of a major client, and a previously announced 2009 nonrenewal of a major contract.
Find out more (including a link to the full earnings release!) by clicking here.