| | | ADVERTISEMENT
 |
|
Trover
Solutions,
Inc.,
formerly
Healthcare
Recoveries,
Inc.,
is
an
independent
provider
of
outsourcing
of
subrogation
and
certain
other
medical
claims
recovery
and
cost
containment
services
to
the
private
healthcare
payor
industry
in
the
United
States.
The
Company's
primary
business
is
medical
claims
recovery,
and
its
primary
product
is
subrogation
recovery,
which
generally
entails
the
identification,
investigation
and
recovery
of
accident-related
medical
benefits
incurred
by
its
clients
on
behalf
of
their insureds,
but
for
which
other
persons
or
entities
have
primary
responsibility.
The
Company's
other
medical
claims
recovery
services
include
the
auditing
of
the
bills
of
medical
providers,
particularly
hospitals,
for
accuracy,
correctness
and
compliance
with
contract
terms,
and
the
recovery
of
overpayments
attributable
to
duplicate
payments,
failures
to
coordinate
benefits
and
similar
errors
in
payment. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Trover
Solutions,
Inc.
is
an
independent
provider
of
health
insurance
subrogation
and
related
recovery
services
for
private
healthcare
payors
in
the
U.S.
For
the
nine
months
ended
9/30/02,
revenues
rose
12%
to
$52.6
million.
Net
income
rose
47%
to
$5.1
million.
Revenues
reflect
higher
bill
payer
audit
revenue
and
incremental
revenue
from
United
HealthGroup.
Earnings
also
benefited
from
lower
research
and
development
costs
and
the
absence
of
goodwill
amortization. | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Patrick McGinnis, 54
Chairman,
CEO | $285K | Douglas Sharps, 48
CFO,
Exec. VP-Fin. and Admin., Sec. | 178K | Robert Bader, Jr., 45
Exec.
VP -- Healthcare Sales, Marketing & Client Solutions | -- | Debra Murphy, 46
Exec.
VP- Operations; HRI Division | 179K | Timothy Cahill, 36
Sr.
VP of Sales, Marketing and Client Services | 189K | | Dollar
amounts are as of 31-Dec-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/trov.gif)