Albany, NY (PRWEB) April 17, 2013
CDPHP is proud to announce the company has once again received a financial strength rating of “A+” or “Excellent” from Weiss Ratings, the nation’s leading independent provider of ratings and analyses of financial services companies, mutual funds, and stocks.
According to the Weiss Ratings Team, “This rating recognizes CDPHP as a ‘Weiss Recommended’ insurer offering outstanding financial stability for its customers, vendors and employees. Achieving this Weiss Financial Strength Rating is a true distinction.”
“This rating recognizes our continued financial strength, multi-year success, and enrollment growth. As a not-for-profit health plan, CDPHP is committed to providing access to affordable health care, and will continue to invest in products and services that will lead to better health, better care, and lower costs,” said Brian Morrissey, senior vice president of marketing, CDPHP.
In 2012, CDPHP added 47,000 members and is the Capital Region’s leading health plan with nearly 425,000 members in 24 counties.
Weiss Ratings’ proprietary model uses more rigorous standards than other ratings agencies, placing greater emphasis on a company’s future financial solvency and its ability to withstand severe economic adversity.
For more information or to speak to Brian Morrissey, please contact Ali Skinner at 518-605-4497.
Established in 1984, CDPHP is a physician-founded, member-focused and community-based not-for-profit health plan that offers high-quality affordable health insurance plans to members in 24 counties throughout New York. CDPHP is also on Facebook, Twitter, LinkedIn and Pinterest.