UMC Inc (UMCN) Ganando

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 engages proprietary and purchased software to provide these services to its customers, primarily independent healthcare providers. In addition, the Company also offers traditional collection services through its partners. The firm offers two primary services: Bad Debt Collection Services and a Debt Purchasing Program. The Bad Debt Collection Services involves the third-party collection of accounts written off as bad debt. The Debt Purchasing Program includes healthcare providers participating in the Debt Purchasing Program agreeing to transfer ownership of accounts, or a portfolio of accounts, to the Company for an agreed-upon price significantly less than the face amount of the account, or portfolio of accounts. The Company’s subsidiaries include United MediCorp LLC, United MediCorp Acquisitions LLC, and UMC SPV1, LLC.