Point32Health Announces Third Quarter Financial Results

November 2023|NewsPress Releases

Canton Mass. (November 15, 2023) – Point32Health today reported an adjusted net loss of $43.3 million for the nine months ended September 30, 2023. Adjusted net loss includes an operating loss of $120.8 million and investment income of $78.8 million, excluding mark-to-market investment gains and losses on equity securities, with revenues of $7.1 billion. Membership was 1.9 million.  Unrealized gains on equity securities for the period was $11.4 million.

About Point32Health
Point32Health is a leading, not-for-profit health and wellbeing organization, delivering a better health care experience to our members and the communities we serve.  One of the top twenty health plans in the United States, Point32Health builds on the quality of our founding organizations, Tufts Health Plan and Harvard Pilgrim Health Care.

At Point32Health, we believe that everyone should have equitable access to affordable, high-quality health care, regardless of their age, race, ethnicity, socioeconomic status, orientation, gender identity or ability.  We offer a diverse range of health plans that help improve the health and wellness of the 1.9 million members we serve.  Every day, we work to deliver on our purpose of guiding and empowering healthier lives for everyone.

We are proud that our Harvard Pilgrim Health Care Commercial Combined HMO and POS plans in Massachusetts and Maine, our Exchange HMO plans in Massachusetts and Maine, as well as Tufts Health Plan’s Medicaid and Exchange HMO plans, have received full Health Equity Accreditation from the National Committee for Quality Assurance (NCQA).*

*NCQA’s Health Equity Accreditation program