Last $1.84 USD
Change Today +0.0499 / 2.79%
Volume 4.0K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

american caresource holdings (ANCI) Snapshot

Open
$1.84
Previous Close
$1.79
Day High
$1.84
Day Low
$1.84
52 Week High
01/23/14 - $2.32
52 Week Low
12/23/13 - $1.32
Market Cap
10.5M
Average Volume 10 Days
1.9K
EPS TTM
$-0.64
Shares Outstanding
5.7M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for AMERICAN CARESOURCE HOLDINGS (ANCI)

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american caresource holdings (ANCI) Details

American CareSource Holdings, Inc. provides access to a network of ancillary healthcare service providers in the United States. Its ancillary healthcare services include an array of services that supplement or support the care provided by hospitals and physicians, including the non-hospital and non-physician services associated with surgery centers, diagnostic imaging centers, home health and infusion, supply of durable medical equipment, orthotics and prosthetics, laboratory, and other services. The company also provides claims management, reporting, processing, and payment services to payors; performs network/needs analysis to assess the benefits to payors of adding additional/different service providers to the payor-specific provider networks; and credentializes network service providers for inclusion in the payor-specific provider networks. American CareSource Holdings, Inc. sells its services to various healthcare companies, including third party administrators, insurance companies, large self-funded organizations, various employer groups, and preferred provider organizations. As of February 28, 2014, it provided a network of approximately 5,000 ancillary service providers at approximately 33,500 sites. The company was founded in 1995 and is based in Dallas, Texas.

51 Employees
Last Reported Date: 02/28/14
Founded in 1995

american caresource holdings (ANCI) Top Compensated Officers

Acting Chief Operating Officer, Chief Financi...
Total Annual Compensation: $185.0K
Vice President of Strategic Development
Total Annual Compensation: $195.7K
Compensation as of Fiscal Year 2012.

american caresource holdings (ANCI) Key Developments

American Caresource Holdings, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

American Caresource Holdings, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net revenues of $6,210,000 compared to $9,100,000 a year ago. Loss before income taxes was $259,000 against $626,000 a year ago. Net loss was $267,000 or $0.05 per basic and diluted share against $629,000 or $0.11 per basic and diluted share a year ago. The improvement was realized largely because of a positive shift in provider margins and company efforts to reduce non-variable costs in areas such as professional and consulting fees. LBITDA was $79,000 against $403,000 a year ago. Adjusted EBITDA was $39,000 against adjusted LBITDA of $247,000 a year ago. For the year, the company reported net revenue of $26,751,000 compared to $34,902,000 a year ago. Loss before income taxes was $3,760,000 against $3,060,000 a year ago. Net loss was $3,785,000 or $0.66 per basic and diluted share against $3,091,000 or $0.54 per basic and diluted share a year ago. LBITDA was $2,987,000 against $2,190,000 a year ago. Adjusted LBITDA was $2,382,000 against $1,437,000 a year ago. Net cash used in operating activities was $4,188,000 against $74,000 a year ago. Additions to property and equipment were $12,000 against $109,000 a year ago.

American Caresource Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

American Caresource Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net loss of $858,000 or $0.15 per basic and diluted share on net revenues of $6,493,000 against net loss of $1,075,000 or $0.19 per basic and diluted share on net revenues of $8,186,000 for the same period a year ago. Loss before income taxes was $852,000 against $1,071,000 for the same period a year ago. LBITDA was $666,000 against $855,000 for the same period a year ago. LBITDA, as adjusted was $548,000 against $705,000 for the same period a year ago. For the nine months, the company reported net loss of $3,518,000 or $0.62 per basic and diluted share on net revenues of $20,541,000 against net loss of $2,462,000 or $0.43 per basic and diluted share on net revenues of $25,802,000 for the same period a year ago. Loss before income taxes was $3,501,000 against $2,434,000 for the same period a year ago. LBITDA was $2,907,000 against $1,787,000 for the same period a year ago. LBITDA, as adjusted was $2,420,000 against $1,190,000 for the same period a year ago. Net cash used in operating activities was $4,073,000 against $610,000 for the same period a year ago. Investment in software development costs was $199,000 against $302,000 for the same period a year ago. Additions to property and equipment were $11,000 against $100,000 for the same period a year ago.

American Caresource Holdings Appoints Managed Care Veteran Tanya Lynn as Vice President of Provider Development

American CareSource Holdings announced that managed care veteran Tanya Lynn has been appointed vice president of provider development. Lynn has worked in a number of senior and management positions during a fifteen-year career in managed care. Most recently, she served as vice president of managed care at LifeCare Management Systems, which operates twenty-seven long-term acute care hospitals in ten states.

 

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Price/Book 1.3x
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TEV/Sales 0.2x
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