Innovation Health Plan Inc
Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2019. Return on equity has been low, averaging 3.5% over the last five years. Weak overall results on stability tests (2.1) based on excessive premium growth during 2023, rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Excellent overall capitalization (9.2) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (8.7) containing small junk bond exposure. 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
15098
Website
Largest Affiliates