#32 of 500 · Health Plan / Insurer

Boston Medical Center Health Plan Inc

EIN 04-3373331 · MA · NTEE E110 · Form 990, fiscal 2023

A nonprofit managed-care organization affiliated with Boston Medical Center. It provides health insurance coverage to members in Massachusetts and New Hampshire, including Medicaid, Medicare, and marketplace plans, with a focus on low-income, underserved, disabled, elderly, and other vulnerable populations. The plan supports Boston Medical Center's mission of expanding access to effective, efficient care.

Financials, fiscal 2023

Revenue

$4.14B

Expenses

$4.02B

Total assets

$1.66B

Net assets

$681.6M

Operating margin

2.9%

1-year growth

35.6%

5-year growth (CAGR)

11.7%

Reserve (years of spending)

2.0

Contributions share

n/a

Programme spending

99.1%

Fundraising cost

n/a

Executive pay share

0.14%

Employees

1,292

Revenue per employee

$3.2M

Grants paid

n/a

Years filing

23

NFP Health Score: 62 / 100

Financial 42 · 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 serve Boston Medical Center and to assist and support its mission in providing and enhancing access to effective, efficient medical care among low income, underserved, disabled, elderly and other vulnerable populations.

Revenue history