Innovation Health Ins Co
Major Rating Factors:
Fair quality investment portfolio (4.3 on a scale of 0 to 10). Weak overall results on stability tests (0.0) based on a steep decline in capital during 2023. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Excellent profitability (7.3) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent overall capitalization (9.3) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
DC, MD, VA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
CVS Health Corporation
Investment Rating
Company Address
3190 Fairview Park Drive
Falls Church, VA 22042
Falls Church, VA 22042
Phone Number
(703) 914-2925
NAIC Number
15097
Website
Largest Affiliates