#229 of 500 · Health Plan / Insurer

Avmed Inc

EIN 59-2742907 · VA · NTEE n/a · Form 990, fiscal 2023

A Florida-based not-for-profit health plan founded in 1969 and headquartered in Miami (the filing lists a Virginia address tied to parent Sentara). It offers commercial group, individual and family, and Medicare Advantage health coverage to members across Florida, along with member wellness and preventive-care programs. In December 2022 AvMed was acquired by and became part of Sentara Healthcare, a not-for-profit integrated health system.

Financials, fiscal 2023

Revenue

$698.7M

Expenses

$809.4M

Total assets

$537.0M

Net assets

$236.4M

Operating margin

-15.8%

1-year growth

-15.1%

5-year growth (CAGR)

-2.2%

Reserve (years of spending)

3.5

Contributions share

n/a

Programme spending

98.9%

Fundraising cost

n/a

Executive pay share

0.52%

Employees

551

Revenue per employee

$1.3M

Grants paid

n/a

Years filing

36

NFP Health Score: 65 / 100

Financial 49 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To help our Members live healthier by providing Members with quality, cost-effective plans and excellent Member services.

Revenue history