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First Health Reports Higher 2nd Quarter Net Income

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NU Online News Service, July 29, 12:35 p.m. – First Health Group Corp., Downers Grove, Ill., a company that helps manage major medical and workers’ compensation programs, is reporting $32 million in net income for the second quarter on $176 million in revenue, up from $25 million in net income on $139 million in revenue for the second quarter of 2001.

The division that organizes preferred provider networks grew rapidly during the quarter, and the company reports that it recently won a contract to manage pharmacy benefits for the Mail Handlers Benefit Plan starting Jan. 1, 2003.