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July 21, 2003 at 08:00 PM
NU Online News Service, July 21, 2003, 2:53 p.m. EDT – The weak economy held down revenue at Crawford & Company, Atlanta, during the second quarter, but it improved employee attendance at client employers, the company says.
Crawford, which sells claims systems and services to workers’ compensation insurers, health insurers and self-funded employer health plans, is reporting $6.1 million in net income for the first quarter on $187 million in revenue, compared with $4.9 million in net income on $187 million in revenue for the second quarter of 2002.
U.S. revenue fell to $122 million, from $132 million, partly because of the loss of one major U.S. medical insurance contract and a decline in processing of referrals.
