Innovation Health Plan Inc
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) due to a decline in earnings during 2022. Return on equity has been fair, averaging 5.4% over the last five years. Good overall results on stability tests (5.4) despite a decline in enrollment during 2022. Rating is significantly influenced by the strong financial results of CVS Health Corporation. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.1) containing small junk bond exposure. Excellent liquidity (8.1) 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