OptimumCare Opens Hospital Program
Dow Jones
OptimumCare Corp. said it has opened a partial hospitalization program in Las Vegas that will operate under its own provider number.
The Laguna Niguel-based provider of health services said it plans to open a similar program in Portland, Ore., by the end of the year. OptimumCare plans to open as many as 18 programs by 2001.
The company said annual revenue could exceed $25 million to $30 million once these programs are operational. For the first quarter ended March 31, OptimumCare’s revenue was $3.1 million.
The company plans to operate certain new and existing programs under their own provider numbers, which allows direct reimbursement for services. The company has been reimbursed indirectly by its health care partners.
