Development
A
Boston Med Center Health Plan
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
2.86
Risk Adjusted
Capital Ratio #2
2.38
Total
Assets
1.58B
Capital
651.85M
Health
Premiums
2.10B
Net
Income
61.85M
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Weiss Ratings Boston Med Center Health Plan
Charlestown, MA 		Click to
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Rating A
Capitalization Index 8.48
Investment Safety Index 9.20
Liquidity Index 7.16
Profitability Index 4.95
Reserve Adequacy Index --
Stability Index 7.20
Company Info Boston Med Center Health Plan
Charlestown, MA 		Click to
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Industry Health
NAIC Number 13203
Phone Number (617) 748-6000
Website www.wellsense.org/
Address 529 Main Street Charlestown, MA 02129
Balance Sheet Boston Med Center Health Plan
Charlestown, MA 		Click to
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Total Assets 1.28B
Capital and Reserves Boston Med Center Health Plan
Charlestown, MA 		Click to
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Risk-Adjusted Capital Ratio #1 2.55
Risk-Adjusted Capital Ratio #2 2.12
1-Year Reserve Development --
2-Year Reserve Development --
Capital 550.29M
Premium to Surplus --
Reserves to Surplus --
Investments Boston Med Center Health Plan
Charlestown, MA 		Click to
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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 Boston Med Center Health Plan
Charlestown, MA 		Click to
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Medical Loss Ratio 90.13%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical Boston Med Center Health Plan
Charlestown, MA 		Click to
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Bonus Pay 686.00
Capitation Pay 70.21K
Contractual Pay 2.55M
Enrollment 440.41K
Fee For Service 0.00
Medical Expense Per Member Per Month $673.00
Network Physicians 84.61K
Other Pay --
Salary Pay 0.00
Total Patient Encounters - Physician 4.21M
Total Patient Encounters-Non-Physician 9.23M
Profitability Boston Med Center Health Plan
Charlestown, MA 		Click to
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Net Income 45.56M
Net Premium 2.29B
Health Premium 2.29B