HCIA ANNOUNCES FIRST QUARTER RESULTS

BALTIMORE, April 15 /PRNewswire/ -- HCIA Inc. (Nasdaq-NNM: HCIA)
today announced results for the first quarter ended March 31, 1996.  Net
income per share increased 180 percent to $0.14 and revenues increased
63 percent to $14.2 million. 
HCIA also announced that it intends to amend its previously filed
registration statement today to register the proposed sale by AMBAC of
all of the shares of HCIA common stock that AMBAC currently holds. 
An investor's conference call is scheduled for 11:30 a.m. EDT
Monday, April 15, 1996.  Please contact Ms. Jean Chenoweth, Vice
President, Industry Relations, at 410-332-7515 for further information. 
HCIA Inc. is a leading health care information content company that
develops and markets clinical and financial decision support systems
used by hospitals, integrated delivery systems, managed care
organizations, employers, and pharmaceutical manufacturers.  The
Company's databases and products are used to benchmark clinical
performance and outcomes, profile best practices and manage the cost and
delivery of health care. 


                       HCIA INC. AND SUBSIDIARIES
                    Condensed Summary of Operations
                              (Unaudited)
                                     Three months ended
                                          March 31,
                                     1996         1995
                           (in thousands except per share amount)
    Revenue                        $14,229        $8,749
    Operating income                 1,930           437
    Income Before Income Taxes
     and Minority Interest           2,129           588
    Provision for Income Taxes        (838)         (238)
    Net income                      $1,291          $343
    Net income per share             $0.14         $0.05
    Weighted Average
     Shares Outstanding              9,460         6,508
                       HCIA INC. AND SUBSIDIARIES
                    Condensed Summary Balance Sheet
                             (in thousands)
                                   March 31, 1996   December 31, 1995
                                     (Unaudited)
    Cash and short-term investments   $24,941           $26,470
    Trade accounts receivable          18,222            16,623
    Total current assets               46,021            45,329
    Total assets                     $111,204          $108,401
    Total current liabilities         $10,972            $9,658
    Total long-term liabilities           699               699
    Stockholders' equity              $99,533           $98,044
    -0-                              4/15/96
    /CONTACT:  Jean Chenoweth of HCIA, 410-332-7515/
    (HCIA)

CO:  HCIA Inc.
ST:  Maryland
IN:  HEA
SU:  ERN


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