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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): August 13, 1996 (August 6, 1996)
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PENNSYLVANIA PHYSICIAN HEALTHCARE PLAN, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-28390 23-2795795
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
777 East Park Drive, Harrisburg, Pennsylvania 17111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (800) 671-7747
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Item 4. Changes in Registrant's Certifying Accountant.
(a) Effective August 6, 1996, Registrant engaged Deloitte &
Touche LLP, independent certified public accountants, to audit Registrant's
December 31, 1996 financial statements. Registrant's financial statements for
1995 had been audited by Dreslin & Company, Inc., independent certified public
accountants. The decision to change accountants was approved by the Audit
Committee of Registrant's Board of Directors.
Registrant was organized in 1995. The reports of Dreslin &
Company, Inc. on Registrant's financial statements for 1995 do not contain any
adverse opinion or a disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope, or accounting principles. There were not any
disagreements (within the meaning of such term under Item 304(a)(1)(iv) of
Regulation S-B) with Dreslin & Company, Inc. on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure. In addition, none of the reportable events listed in Item
304(a)(1)(iv)(B) through (E) of Regulation S-B occurred. However, Registrant and
Dreslin & Company, Inc. agreed to restate Registrant's 1995 financial statements
to reflect a change in the treatment of deferred income tax benefit.
(b) Effective August 6, 1996 the Registrant engaged Deloitte &
Touche LLP, independent certified public accountants, to act as the principal
accountant to audit the Registrant's financial statements. Neither Registrant
nor anyone on its behalf consulted Deloitte & Touche LLP regarding (i) the
application of accounting
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principles to any specific completed or contemplated transaction, or the type of
audit opinion that might be rendered on Registrant's financial statements, or
(ii) any matter that was either the subject of a disagreement (within the
meaning of such term under Item 304(a)(1)(iv) of Regulation S-B) or a reportable
event listed in Item 304(a)(1)(iv)(B) through (E) of Regulation S-B.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16. Letter on change in certifying accountant dated
August 6, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PENNSYLVANIA PHYSICIAN HEALTHCARE
PLAN, INC.
(Registrant)
By: /S/ Gary C. Brown
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Gary C. Brown, President
DATE: August 13, 1996
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