Minuteman Health Sees 70.1% Increase in Membership Since 2015
Saturday, February 27, 2016
"Our conservative approach to budgeting and growth combined with our strong provider network is helping us maintain a steady keel amid a very volatile time in the industry," said CEO Tom Policelli.
Along with the growing membership, Minuteman has built a solid financial base with $93 million in cash and $7 million in IBNR reserves for possible 2015 coverage payouts.
The company's Medical Loss Ratio is an industry-positive 88.7 percent after adjusting for the federal governments '3Rs' programs.
Minuteman Health
Minuteman Health, Inc. is a member-governed, non-profit health maintenance organization (HMO) committed to removing inefficiencies from today's health insurance system to provide high-quality care, cut administrative costs and reduce premiums for individuals and businesses in Massachusetts and New Hampshire.
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