UMC IncOOTC UMCN Stock Report

UMC, Inc. engages in the provision of medical insurance claims and accounts receivable management services. The company is headquartered in Springville, Utah and currently employs 41 full-time employees. The firm's software provides claims processing, management, and collection services to its customers, primarily independent health care providers. The firm offers four primary services: Backlog Claims Management Services, PayStream, Bad Debt Collection Services, and its Debt Purchasing Program. Backlog Accounts Receivable Management Services uses Backlog service to collect aged claims that are usually previously filed with an insurance carrier or governmental payer but remain uncollected. Its PayStream service uploads patient accounts onto a secure, cloud-based collections platform that allows patients three ways of satisfying their outstanding account balance, with little to no human interaction. Bad Debt Collection Services involves collections of accounts that have been written off as bad debt.