Innovation Health Plan Inc

Falls Church, VA

Rating Date

April 2025

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

5.65

Risk Adjusted
Capital Ratio #2

4.71

Total
Assets

56.60M

Capital

34.71M

Health
Premiums

89.97M

Net
Income

634.64K

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Weiss Ratings	Innovation Health Plan Inc Falls Church, VA	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	10.00
Investment Safety Index	9.12
Liquidity Index	8.10
Profitability Index	4.87
Reserve Adequacy Index	--
Stability Index	5.37

Company Info	Innovation Health Plan Inc Falls Church, VA	Click to Compare	Click to Compare	Click to Compare
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	Click to Compare	Click to Compare	Click to Compare
Total Assets	56.60M

Capital and Reserves	Innovation Health Plan Inc Falls Church, VA	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	5.65
Risk-Adjusted Capital Ratio #2	4.71
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	34.71M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Innovation Health Plan Inc Falls Church, VA	Click to Compare	Click to Compare	Click to Compare
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	Click to Compare	Click to Compare	Click to Compare
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	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	0.00
Capitation Pay	8.00
Contractual Pay	42.65K
Enrollment	30.62K
Fee For Service	1.35K
Medical Expense Per Member Per Month	$939.00
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	Click to Compare	Click to Compare	Click to Compare
Net Income	634.64K
Net Premium	89.97M
Health Premium	89.97M