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ER Urgent Care Holdings, Inc.
ER Urgent Care Holdings, Inc. (eruc.pk)
Health Services

Looking to Create a Healthy Portfolio
January 29, 2008

  • In recent years, every facet of the health care industry is expanding, presenting unprecedented opportunities. Health care and social assistance grew 6% in 2006, with a 7.1% increase the year before. Revenue in 2006 was $654 billion for hospitals, and $647.89 billion for ambulatory health care services, an increase of $194.17 Billion, or 42.8%, from $453.72 in 2001. Revenues from outpatient care centers were $73.97 Billion, rising 16.3% in just two years (Source: U.S. Census Bureau). According to the latest U.S. Economic Census, ambulatory health care services generated $493.19 Billion in 2002, up 38.7% from the $355.44 Billion the sector generated in the 1997. Outpatient care centers accounted for $55.90 Billion in 2002, up $13.99 Billion, or 33.4% from $41.91 Billion in 1997.
  • Such growth translates into excellent expansion opportunities, and with nine locations already in operation, ER Urgent Care Holdings is in a strong position to take advantage of this growing sector. ER Urgent Care Holdings, Inc. (OTC: ERUC) operates nine ER Urgent Care Centers in the South Florida area. The Urgent Care Center is a comprehensive care facility where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits. Under the Urgent Care Center model, emergency rooms will no longer need to balance their time between critical cases and ER patients with minor injuries and illnesses, and those with less critical conditions will be able to get the attention and care they deserve without excessive wait times. In addition, the HMOs will no longer have to pay large claims for non-admitted patients. ER Urgent Care Centers create a mutually beneficial situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.
  • ER Urgent Care Center is a provider for Amerigroup, Avmed, Humana, Aetna, Medicaid/Medipass/Medi-Kids, Total Health Choice, United Health Care, Beech Street, Dimension Health, Assist Card, Cigna, Corvel, Health Insurance Plans and many more. The Company’s extensive network of health insurance providers allows its urgent care clinics to provide an extensive range of services to a broad base of clients and still maintain profitability. Because of the convenience that its urgent care clinics offer, the Company is able to fill an underserved demand in the market and at the same time complement the existing health care industry infrastructure.
  • In January of 2008, Urgent Care Holdings announced that it had reached a total of 250,000 patients treated through its urgent care clinics. The Company has established itself as a premier provider of outpatient clinic services, and is forging a reputation for quality care, convenience, and diligence, demonstrated by the recent benchmark of a quarter of a million patients treated. Revenue growth was strong in 2007, and Urgent Care Holdings is confident that it is capable of building upon its momentum and continuing is growth through 2008 and beyond. The Company expects to announce a number of important developments in the coming weeks, making ER Urgent Care Holdings a serious candidate to watch.

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