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Article: Profit Highlights First Quarter Achievements at Medical Mutual.
- Article from:
- Business Wire
- Article date:
- May 15, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CLEVELAND--(BW HealthWire)--May 15, 1998--Medical Mutual of Ohio reported today a first-quarter profit of $1.1 million, highlighting a list of achievements for the period that includes strong group-sales performance, an agreement with a new pharmacy benefits manager and maintaining second-to-none customer-service levels.
In a report filed with the Ohio Department of Insurance in Columbus for the first quarter ending March 31, 1998, Medical Mutual posted net income of $1.1 million on revenues of $275 million, compared to a loss of $10.5 million on revenues of $234 million for the same period a year ago.
"Our first-quarter performance is directly ...