Innovation Health Plan Inc
Major Rating Factors:
Good overall results on stability tests (5.0 on a scale of 0 to 10) despite an overall decline in enrollment over the past five years despite growth in 2020. Rating is significantly influenced by the acceptable financial results of CVS Health Corporation. Excellent capitalization index (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.1) containing small junk bond exposure.
Other Rating Factors:
Excellent liquidity (8.1) with ample operational cash flow and liquid investments. Weak profitability index (2.6) due to a decline in earnings during 2022. Return on equity has been fair, averaging 5.4% over the last five years.
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