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    PHP Healthcare Corp.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 203,400 (0.4)
    Net Income 9,100 855.9
    Rank Last Year: 47

    Description:
    PHP Healthcare manages health care centers for governments and businesses.

    Business Resume:
    • Contact Info --
      11440 Commerce Park Dr.
      Reston, Va. 20191
      703-758-3600
    • Main Business --
      Health care services
    • Founded --
      1975
    • Chairperson --
      Charles P. Reilly
    • President --
      Jack M. Mazur (CEO)
    • Employees --
      2,950
    • D.C.-Area Employees --
      875
    Developments:
    As the health care industry has shifted to managed care, PHP Healthcare is switching its emphasis from a historic dependence on government contracts to the commercial, private-sector, managed-care market.

    Whereas five years ago 99 percent of PHS Healthcare revenue came from government contracts, largely with the military, last year commercial business accounted for $106.9 million, or about 53 percent, of revenue. While the percentage of government business dropped, it still continued to be a revenue producer for PHP, dropping just $20 million to $96.4 million. The company expects government contracts to decline to 40 percent of its business.

    In January the company's founder, chairman and chief executive, Charles H. Robbins, retired with a one-time, $2 million payment. He was replaced as chairman by Charles P. Reilly. Jack M. Mazur assumed the title of chief executive as well as president.

    PHP reported a profit of $9.1 million last year, a sharp increase from earnings of $952,000 in 1995.

    Copyright 1997 The Washington Post

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