Thanks Charles. Excellent news on RPHL!
Tuesday September 28, 9:33 am Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Revenues Increase, 'RPHL' Exceeds 710,000
Employees in Its Workers Compensation Networks, Representing Over
$155 Million Dollars In Client Reviewed Bills (www.rockporthealthcare.com)
HOUSTON, Sept. 28 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news; fully reporting company) an integrated healthcare managed
care service company, announced today that Its Workers Compensation Preferred Provider Organization exceeded 710,000 employees covered under its Workers
Compensation program in five States. The Company expects to generate $4,300,000 in gross revenues from this Workers Compensation subsidiary, Rockport Community
Network Inc.
Rockport added a new client in late September. RPHL is processing over $155,760,000 in medical care bills. This business represents just over $4,000,000 in fee revenue
to Rockport annually. Rockport has accomplished this impressive milestone since it started marketing in late January of this year.
Rockport is negotiating with fifteen (15) potential new clients who have spent over $152,000,000 in paid medical bills last year. Management states Rockport should reach
over $250,000,000 in paid medical bills by the end of this year.
Rockport dominates the Houston market with over 190,000 covered lives in its Workers' Compensation network. These 190,000 employees represent over $41,500,000 in
paid medical bills. Rockport clients receive an average of 25% discount from the Texas Workers' Compensation Fee Schedule. Rockport anticipates another fifteen million
($15,000,000) in paid medical bills to be added to its Houston customized network by October 31 of this year.
Rockport customizes its healthcare provider networks to address its clients' specific needs in workers' compensation, group health and the underinsured and uninsured
population. The RPHL organization employs experienced and seasoned personnel to operate its customer care services, electronic claims and bills processing, network
development and provider credentialing, proprietary information systems, marketing and sales and peer review. Rockport is aggressively expanding its healthcare provider
networks through contracting and acquisition.
The Rockport Healthcare Group, Inc. family of companies includes Rockport Community Network, Inc., a managed care organization; Rockport Occupational Network,
Inc., an Exclusive Provider Worker's Compensation Network; Rockport Preferred, Inc., Medical Access Savings Card Programs; Newton Healthcare Network, LLC, a
Preferred Provider Organization for individual and group health; and Rockport Group of Texas, Inc., a healthcare administrative company.
This press release contains forward-looking information. The forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking
statements. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
www.rockporthealthcare.com
www.microcap1000.com/stocks/ircenter.html
FOR MORE INFORMATION PLEASE CONTACT: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424
SOURCE: Rockport Healthcare Group, Inc.
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