Innovation Health Plan Inc
| Weiss Ratings |
Innovation Health Plan Inc
Falls Church, VA |
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| Rating | ||||
| Capitalization Index | 10.00 | |||
| Investment Safety Index | 9.12 | |||
| Liquidity Index | 8.10 | |||
| Profitability Index | 2.60 | |||
| Reserve Adequacy Index | -- | |||
| Stability Index | 5.00 | |||
| Company Info |
Innovation Health Plan Inc
Falls Church, VA |
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| Industry | Health | |||
| NAIC Number | 15098 | |||
| Phone Number | (703) 914-2925 | |||
| Website | www.innovationhealth.com | |||
| Address | 3190 Fairview Park Drive Falls Church, VA 22042 | |||
| Balance Sheet |
Innovation Health Plan Inc
Falls Church, VA |
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| Total Assets | 74.92M | |||
| Capital and Reserves |
Innovation Health Plan Inc
Falls Church, VA |
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| Risk-Adjusted Capital Ratio #1 | 5.19 | |||
| Risk-Adjusted Capital Ratio #2 | 4.32 | |||
| 1-Year Reserve Development | -- | |||
| 2-Year Reserve Development | -- | |||
| Capital | 31.60M | |||
| Premium to Surplus | -- | |||
| Reserves to Surplus | -- | |||
| Investments |
Innovation Health Plan Inc
Falls Church, VA |
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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 |
Innovation Health Plan Inc
Falls Church, VA |
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| Medical Loss Ratio | 90.65% | |||
| Cash From Underwriting | -- | |||
| Combined Ratio | -- | |||
| Expense Ratio | -- | |||
| Loss Ratio | -- | |||
| Net Premium Growth | -- | |||
| Other Medical |
Innovation Health Plan Inc
Falls Church, VA |
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| Bonus Pay | 0.00 | |||
| Capitation Pay | 8.00 | |||
| Contractual Pay | 42.65K | |||
| Enrollment | 32.36K | |||
| Fee For Service | 1.35K | |||
| Medical Expense Per Member Per Month | $447.00 | |||
| Network Physicians | 7.69K | |||
| Other Pay | -- | |||
| Salary Pay | 0.00 | |||
| Total Patient Encounters - Physician | 110.12K | |||
| Total Patient Encounters-Non-Physician | 99.97K | |||
| Profitability |
Innovation Health Plan Inc
Falls Church, VA |
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| Net Income | -3.17M | |||
| Net Premium | 60.70M | |||
| Health Premium | 60.70M | |||