Navigation Links
Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EPS for 2007
Date:2/11/2008

Continued Improvements in Medical Loss Ratio

SAN JUAN, Puerto Rico, Feb. 11 /PRNewswire-FirstCall/ -- Triple-S Management Corporation (NYSE: GTS), the largest managed care company in Puerto Rico, today announced record consolidated operating income of $83.5 million, net income of $58.5 million and EPS of $2.15 for the year ended December 31, 2007 (including $0.07 per share in net realized and unrealized gains) reflecting the Company's strong market position and medical cost management.

2007 Highlights

-- Operating income increased 13.9 percent to $83.5 million

-- Net income rose 7.3 percent to $58.5 million

-- Earnings per share was $2.15 based on 27.2 million weighted average

shares outstanding

-- Medical Loss Ratio (MLR) improved 50 basis points to 87.1 percent

-- Continued success expanding Medicare Advantage business: 38,000

members at December 31, 2007, a 41 percent year-over-year increase

-- Completed IPO on December 7, 2007

"While 2007 was a memorable year because we made our debut as a public company in December, we also strengthened the foundation of our business, allowing us to better serve our network of providers and our members going forward," said Ramon M. Ruiz-Comas, President and Chief Executive Officer.

Consolidated operating revenues for 2007 were $1.54 billion, 1.5 percent lower than the previous year. The decrease resulted primarily from the change in carrier for the Metro-North Region in the Commonwealth of Puerto Rico Health Reform business, which is similar to Medicaid (the Reform business) effective November 1, 2006 (which represented premiums of approximately $162 million for the ten-month period ended October 31, 2
'/>"/>

SOURCE Triple-S Management Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13

Related medicine news :

1. Triple-S Management Corporation Announces Full Exercise of Underwriters Over-Allotment Option
2. Triple-S Management Corporation to Present at UBS Global Healthcare Conference
3. Case Management Cost-Effective Way to Cut Heart Risks
4. S.C. BlueCross to Integrate Care Management with Personal Health Record in Real Time
5. Marlabs in the Top 10 BPO Healthcare Revenue Cycle Management Companies
6. Painless Hemorrhoid Treatment Adds Management Punch
7. HealthFitness CEO Supports Move Toward Cultural Shift, and Science-Based Health Management Programming
8. Judge Rules That Florida Disease Management Program Serving 8,000 HIV/AIDS Patients Should Be Re-bid, Says AIDS Healthcare Foundation
9. Standard Management Announces OTCBB Listing
10. MDS Pharma Services Wins Award for Management of Global Malaria Trial
11. AWT Management Announce Aggressive Growth and Acquisition Strategy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2015)... (PRWEB) May 27, 2015 Difass USA, ... in the U.S. with its first three flagship products, ... for purchase nationwide through http://www.difassusa.com . , ... health and productivity, but some people struggle with getting ... Dormiva™ is a sleep aid designed to help you ...
(Date:5/27/2015)... Tx (PRWEB) May 27, 2015 ... germline pharmacogenomic and somatic genomic analysis in personalized cancer ... published by the American Society of Clinical Oncology (ASCO) ... June 2 in Chicago. , The molecular and clinical ... Cancer Genome Atlas (TCGA) database. The study reports improved ...
(Date:5/27/2015)... 2015 Coco Libre announced today that artists ... reach for Organic Coconut Water to quench their thirst during ... at VIP areas, artist greenrooms, corporate skyboxes and concessions areas ... hotels and on festival shuttle buses. , “We’re excited ... Noa Elan, Director of Strategic Partnerships for Latitude 38 Entertainment, ...
(Date:5/27/2015)... May 27, 2015 On June 5, ... agency, will partner with LifeSource to host Donate Your ... take place in a LifeSource donor coach outside of ... 4:00 p.m. , Demand for whole blood units is ... during the summer months. LifeSource requires approximately 1,000 donations ...
(Date:5/27/2015)... Cincinnati Veterans Affairs Women’s Health Clinic in ... Foundation is proud to host the first annual Women Veterans ... 11 at the Freedom Center from 6 p.m. to 10 ... emcee. , This event honors and celebrates women tri-state ... The banquet is free to the first 150 women Veterans ...
Breaking Medicine News(10 mins):Health News:Supplement Brand Difass USA Launches in the U.S. with Three Flagship Products Designed to Bring Balance Back to Your Life 2Health News:CompanionDx® Analyzes Non-small Cell Lung Cancer Data for Personalized Cancer Therapy 2Health News:CompanionDx® Analyzes Non-small Cell Lung Cancer Data for Personalized Cancer Therapy 3Health News:Coco Libre Puts Organic Coconut Water on the Line-up at BottleRock Napa 2Health News:Donate Your Break and Save Lives at the River North Blood Drive 2Health News:Cincinnati VA Women’s Health Clinic Celebrates Women Veterans at Awards Banquet 2
... Tools & Functional Architecture Dynamically Render Personalized Care for ... Mass. and SAN DIEGO, June 3 Casenet, Inc., ... unveiled TruCare(TM) 4.0, its next generation care management software ... years of exclusive care management software development specifically for ...
... breathing, researchers say , WEDNESDAY, June 3 (HealthDay News) ... have sleep-disordered breathing, a condition that,s associated with behavioral ... research shows. , In the study, researchers examined 700 ... chosen from 18 public elementary schools in Pennsylvania. Each ...
... Food & Drug Stores donated $837,043.00 to Primary Children,s Medical ... over the past several weeks. , , Smith,s ... been hosting a variety of fundraising events like hot dog ... raise money for the children,s hospital. Smith,s customers, associates and ...
... ... 28 - 30th in Chicago, IL USA and IntertechPira,s green alternative to the paper ... Portland, ... 2009 conference and exhibit, taking place September 28 - 30, 2009 at the Embassy ...
... gift-giving strategy if you,re a woman trying to figure out how to ... give him the gift you really want for yourself. , , ... , OK, that probably rules out the ,65 Mustang and the even-bigger ... best present for millions of women - one that would actually be ...
... Health insurer chooses Cincom Eloquence to streamline policy generation ... provider Cincom Systems announces that Medica ( www.medica.com ... more than 1.5 million members, has chosen Cincom Eloquence(R) ... automation processes. , , Key considerations for Medica,s ...
Cached Medicine News:Health News:Casenet Unveils TruCare 4.0 - New Care Management Platform Delivers Personalized, Member-Centric Care 2Health News:Casenet Unveils TruCare 4.0 - New Care Management Platform Delivers Personalized, Member-Centric Care 3Health News:Many Overweight Kids Not Getting a Good Night's Sleep 2Health News:Smith's Donates $837,000 to Primary Children's Medical Center in Utah 2Health News:Biopolymers Symposium 2009 Announces Final Program and Interactive Green Brochure 2Health News:Perfect Father's Day Gift: The Sound of Silence 2Health News:Perfect Father's Day Gift: The Sound of Silence 3Health News:Medica Selects Cincom's Document Automation Software 2Health News:Medica Selects Cincom's Document Automation Software 3
(Date:5/27/2015)... Delaware , May 27, 2015 ... corporation engaged in the development and commercialization ... new and novel electrotherapy for the noninvasive treatment of ... May 19, 2015, Zacks Small Cap Research http://scr.zacks.com ... here . According to Zacks, research update, E-QURE ...
(Date:5/27/2015)... N.J. , May 27, 2015  The ... LLC, utilizes a Motion Systems Corporation ball drive ... freedom. Motion Systems manufactures the industry,s largest selection ... to a wide array of industries, including medical ... help people who are wheelchair-bound as well as ...
(Date:5/27/2015)... SINGAPORE , LONDON and ... - http://www.abmrg.com/Indonesia-Respiratory-Devices-and-Respiratory-Diagnostics-Market-through-2020---Detailed-analysis-of-Hospital-and-Retail-market.html ... smokers - Around 400,000 Indonesians die annually ... smokers - Three-fourths of 6.5 million vehicles ... the emission test Indonesia ...
Breaking Medicine Technology:Zacks Investment Small Cap Research Issues Quarterly Update on E-QURE 2Zacks Investment Small Cap Research Issues Quarterly Update on E-QURE 3Innovative Technology Liberates the Wheelchair-Bound 2Indonesia Respiratory Devices Market is Expected to Grow at a CAGR of 9% - Boosting Growth for Respiratory Disposables 2Indonesia Respiratory Devices Market is Expected to Grow at a CAGR of 9% - Boosting Growth for Respiratory Disposables 3Indonesia Respiratory Devices Market is Expected to Grow at a CAGR of 9% - Boosting Growth for Respiratory Disposables 4
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: