PacifiCare Health Systems Inc., Cypress, posted net...

PacifiCare Health Systems Inc., Cypress, posted net income of $6.3 million for the fiscal year ended Sept. 30, more than double the $3 million reported last year. Revenue rose 40% to $434.1 million from $310 million last year. Terry Hartshorn, president and chief executive, said the company set records in revenue, earnings and membership for the 1988 fiscal year. For the fourth quarter, net income increased to $2.3 million from $921,000 for the comparable quarter last year. Revenue rose 36% to $120.6 million from $88.8 million. PacifiCare Health Systems owns and operates health maintenance organizations in California, Oregon, Oklahoma and Texas and an insurance subsidiary licensed in 36 states. The company also provides independent utilization review and preferred-provider organization services.