#75 of 500 · Health Plan / Insurer

Mdwise Inc

EIN 35-1931354 · IN · NTEE n/a · Form 990, fiscal 2023

An Indiana-based, provider-owned not-for-profit managed care organization founded in 1994 to help vulnerable populations obtain health coverage. It administered Indiana Medicaid programs including the Healthy Indiana Plan (HIP) and Hoosier Healthwise, coordinating a statewide network of physicians, specialists, and hospitals. Note: MDwise ceased operating as an Indiana Medicaid health plan option as of December 31, 2025.

Financials, fiscal 2023

Revenue

$1.96B

Expenses

$1.90B

Total assets

$693.8M

Net assets

$238.3M

Operating margin

3.0%

1-year growth

4.8%

5-year growth (CAGR)

11.7%

Reserve (years of spending)

1.5

Contributions share

n/a

Programme spending

99.6%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

n/a

Revenue per employee

n/a

Grants paid

$508K

Years filing

28

NFP Health Score: 63 / 100

Financial 30 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

MDwise provides high-quality, affordable health care services and improves the well-being of our members by bringing together exceptional employees, community leaders and health care professionals.

Revenue history