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Financials

Consolidated Statements of Operations

Our company’s mission is to provide quality health care at a reasonable cost for our subscribers and operate CDPHP as a model for the delivery, financing, and administration of health care services. As a not-for-profit community health plan, CDPHP is committed to responsible stewardship of its resources to meet that responsibility. We allocate the bulk of our premium income to satisfy medical claims, setting aside a modest amount for plan operations and using the remainder to fund innovative programs to support our members’ health.

For the Years Ended December 31
2016
2015
Revenue    
Earned premiums $ 2,149,571,562
$ 2,308,988,803
Administrative charges 13,673,519 13,503,414
Other revenue 995,864
-
Total revenue 2,164,240,945
2,322,492,217
Expenses    
Net claims expense 1,901,614,318
2,032,626,440
Change in premium deficiency reserves
(7,570,000)
(12,354,598)
Total claims expense
1,894,044,318
2,020,271,842
Excess of revenues over claims expense 270,196,627
302,220,375
General and administrative expenses 263,900,925
268,010,403
Operating income (loss)
6,295,702
34,209,972
 
Other income
   
Interest income, net 7,146,858
7,274,139
Realized gains on investments, net 867,958
387,186
Other income, net 8,014,816
7,661,325
Net income (loss)
14,310,518
41,871,297 
Change in unrealized gains (losses) on investments (610,635)
(3,518,382)
Increase (decrease) in net assets $  13,699,883
$  38,352,915