Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

Sierra Reports Lower 4th Quarter Net Income

Your article was successfully shared with the contacts you provided.

NU Online News Service, Jan. 30, 12:27 p.m. – Sierra Health Services Inc., Las Vegas, is reporting $4.5 million in net income for the fourth quarter of 2002 on $327 million in revenue, compared with $5 million in net income on $291 million in revenue for the fourth quarter of 2001.

Sierra, a managed care company, ended 2002 providing or administering major medical coverage for 1.2 million people, about as many as it covered a year earlier.

Revenue averaged $182 per member, about the same as the average for the fourth quarter of 2001.

Sierra is a major participant in TRICARE, a health coverage program for military personnel, retirees and dependents. Mobilization of reservists helped lead to a 10% increase in the company’s 2002 TRICARE revenue.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.