A
Boston Med Center Health Plan
Rating Date
June 2024
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
2.74
Risk Adjusted
Capital Ratio #2
2.29
Total
Assets
1.33B
Capital
596.57M
Health
Premiums
3.06B
Net
Income
80.23M
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Weiss Ratings Boston Med Center Health Plan
Charlestown, MA 		Click to
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Rating A
Capitalization Index 8.74
Investment Safety Index 9.46
Liquidity Index 7.33
Profitability Index 6.01
Reserve Adequacy Index --
Stability Index 8.19
Company Info Boston Med Center Health Plan
Charlestown, MA 		Click to
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Industry Health
NAIC Number 13203
Phone Number (617) 748-6000
Website www.wellsense.org/
Address 529 Main Street Charlestown, MA 02129
Balance Sheet Boston Med Center Health Plan
Charlestown, MA 		Click to
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Total Assets 1.33B
Capital and Reserves Boston Med Center Health Plan
Charlestown, MA 		Click to
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Risk-Adjusted Capital Ratio #1 2.74
Risk-Adjusted Capital Ratio #2 2.29
1-Year Reserve Development --
2-Year Reserve Development --
Capital 596.57M
Premium to Surplus --
Reserves to Surplus --
Investments Boston Med Center Health Plan
Charlestown, MA 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Boston Med Center Health Plan
Charlestown, MA 		Click to
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Medical Loss Ratio 89.21%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Boston Med Center Health Plan
Charlestown, MA 		Click to
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Bonus Pay 12.91K
Capitation Pay 61.21K
Contractual Pay 2.64M
Enrollment 437.11K
Fee For Service 0.00
Medical Expense Per Member Per Month $2,059.00
Network Physicians 96.70K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 4.15M
Total Patient Encounters-Non-Physician 8.87M
Profitability Boston Med Center Health Plan
Charlestown, MA 		Click to
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Net Income 80.23M
Net Premium 3.06B
Health Premium 3.06B