MCMURRAY, Pa.--(BUSINESS WIRE)--As of September 30, 2017, health insurance companies provided medical coverage for nearly 263 million beneficiaries, according to Mark Farrah Associates (MFA) www.markfarrah.com. MFA, a leading data aggregator and publisher of health plan market data and analytics, aggregates industry metrics from statutory financial statements filed on a quarterly and annual basis with state insurance regulators. These statements are prepared using statutory accounting rules as defined by the National Association of Insurance Commissioners (NAIC) and the California Department of Managed Health Care (CA DMHC).
Health insurers and companies with a vested interest in the healthcare industry rely on market share and health plan financials to assess competition and identify new business opportunities. For companies seeking comprehensive market data, MFA offers the Health Coverage Portal™, an online application that integrates NAIC statutory filings, CA DMHC financial statements, relevant government reports and MFA self-insured datasets. Mark Farrah Associates’ Health Coverage Portal™ provides 24/7 access to financials, enrollment and industry ratios for well over 1,200 health plans across all 50 states, the District of Columbia and U.S. territories. It is consistently updated and refreshed to deliver the most current information available, providing unsurpassed analytic support and reliable data.
Health plan competition and industry analysis is essential especially during periods of rapid change. Mark Farrah Associates offers products that health plans and vendors need to retain or achieve a competitive advantage. In addition, MFA consistently conducts ongoing research to identify analytical content and acts quickly to integrate useful data into new and existing products. “Our customers depend on our reliable products for timely, accurate financial metrics to assess competitor performance and profitability.” – Ryan Wolfe, General Manager, Mark Farrah Associates.
To learn more about the Health Coverage Portal™ and MFA’s other valuable health insurance analytic tools, contact Mark Farrah Associates at 724-338-4100 or visit www.markfarrah.com. Also, for the latest insights about health plan enrollment trends and financial performance, visit the Analysis Briefs library on the MFA website.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include Medicare Business Online™, Medicare Benefits Analyzer™, Health Coverage Portal™, County Health Coverage™, and Health Plans USA™.