This is one of the few penny stocks (under 0.05) has revenue and profit.
United Medicorp, Inc. (UMC) provides medical insurance claims coding and processing, electronic medical records storage and accounts receivable management services to healthcare providers. Sterling Hospital Systems, Inc. (UMY), a wholly owned subsidiary of UMC, provides customer service and collection services to healthcare providers. The Company employs its own, as well as purchased software to provide claims coding and processing, billing and collection, and medical records storage services to its customers, primarily hospitals. UMC's medical claims processing service provides an electronic claims processing, billing and collection service that expedites payment of claims from private insurance carriers or government payors, such as Medicare and Medicaid. The Company also offers to its customers processing and collection services for uncollected backlog (aged) claims that were not originally submitted through its electronic claims processing system.
For the fiscal year ended 12/31/04, total revenues rose 5% to $4.1 million. Net income rose 17% to $338 thousand. Total revenues reflect an increase in the ongoing accounts receivable management services. Net income reflects a decrease in office, vehicle and equipment rental costs.
Current price: 0.05
52 weeks low: 0.035, 52 weeks high 0.09
Shares Outstanding: 30.67M
% Held by Insiders: 18.16%
Market Cap (intraday): 1.23M
Trailing P/E (ttm, intraday): 3.64
Price/Sales (ttm): 0.30
United Medicorp, Inc. Announces Approval To Buy Back Common Stock