Pacific Health Care Organization Inc. (PFHO)

[jbaxter]

I would say the margins of the overflow business were marginal.


During the twelve-month period ended December 31, 2014 these overflow revenue fees contributed $1,184,270, or 56%, toward the increase in UR revenues.

LESS expense:

The increase of $1,032,053 was largely the result of the increased number of UR outsource service fees resulting from the overflow from our third-party partner combined with increased MBR-related outsource service fees.

That's plus or minus whatever the MBR increase was. Hard to say, but it might not be such a huge earnings hit. Maybe around 19 cents at most for the overflow? Hard to say.

They also purchased a little more stock since 12/31:

Subsequent to the end of the fourth quarter, we have repurchased an additional 260 shares.