Delta Dental of Minnesota Annual Report 2017

Delta Dental of Minnesota Annual Report 2017


EVERYONE DESERVES
A HEALTHY SMILE

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2017 Delta Dental of Minnesota Annual Report
Including Delta Dental of Minnesota, Serving North Dakota

 


Rod Young - CEO talking in front of a group of medical professionals
2017 Summary

Delta Dental of Minnesota is honored to protect more than 4.1 million smiles across the nation. Each year we provide an annual report for members and stakeholders to better understand our work and values. Browse the sections below for more.

Your Smile is Powerful
Delta Dental of Minnesota Board of Directors
Everyone Deserves a Healthy Smile
The Delta Dental Difference
Network Savings
Balance Sheet
Statement of Operation


YOUR SMILE IS POWERFUL

We are proud to protect over 4.1 million smiles across the nation and 8,800 employer groups in Minnesota and North Dakota. Protecting these smiles is important and we, along with our oral health partners, take this responsibility seriously.

In 2017, we were fortunate to bring notable new clients into our Delta Dental family, including individual consumers and families. Once again, we are extremely proud to report that in 2017, 98 percent of our employer groups continued their relationship with us.

It is our understanding that our customer and provider partner service, nationwide network of high-quality oral health professionals, dependability and consistency, along with well established broker relationships are the distinctive differences of Delta Dental. In 2017, we developed plans to ensure we maintain our unique differences, as well as add enhanced technology and systems to meet the ever-evolving needs of our multiple stakeholders.

Lastly, I am happy to share that, through the efforts of our Delta Dental of Minnesota Foundation and corporate philanthropy, we will continue our commitment to improving access to oral health care, workforce development and education among the communities we serve throughout the state.

Thanks for choosing Delta Dental of Minnesota as your
partner in oral health.

Rodney A. Young
Chief Executive Officer and President
Delta Dental of Minnesota

Delta Dental of Minnesota Board of Directors

Michael W. Howe Chair
Kim M. Mageau Vice Chair
Lois M. Martin Treasurer
Douglas A. Alger Secretary
Rodney A. Young CEO and President
Susan C. Anderson, DDS Director
John W. Bluford, III Director
Paul F. Carlson, DDS Director
Deb S. Knutson Director
John D. Somrock Director
James R. Swanstrom, DDS Director
R. Bruce Templeton, DMD Director
Claude M. Vincenti Director
Ray J. Waldron Director
Michael Zakula, DDS Director

AT DELTA DENTAL OF MINNESOTA, WE BELIEVE EVERYONE DESERVES A HEALTHY SMILE

We administer dental plans through the nation’s largest network of dentists. We invest in organization and programs that improve the health of the communities we serve.


PROTECTING SMILES IS OUR JOB. AT DELTA DENTAL OF MINNESOTA, WE’RE PROUD TO SERVE:

Protecting Smiles Stats

DELTA DENTAL DIFFERENCE

Delta Dental of Minnesota is one of the largest providers of dental benefits nationally. Founded in 1969, the company is an independent, nonprofit health service plan corporation.

Superior service, unmatched cost savings and extensive dental networks are a few Delta Dental Differences.

We offer dental insurance solutions for large, mid-size and small employers, as well as individual consumers and families across Minnesota and North Dakota.

Group Plans: We offer plans to fit the needs of any group size. We offer both fully insured (risk) and self-insured (administrative only) benefit plans.

Individual and Family Dental Plans: Delta Dental offers a variety of affordable dental plans that fit the unique needs and budgets of individuals and their families who do not have an employer-sponsored dental plan option. Our plans are available on the state and federal exchanges. Our plans can also be purchased online directly from Delta Dental of Minnesota.

Public Programs: Delta Dental of Minnesota offers dental benefits to more than 450,000 public program enrollees in Minnesota and North Dakota.

At Delta Dental of Minnesota, our ultimate goal is to provide dental benefits that meet the needs of our members. We hold ourselves to exceptional service standards to ensure the best experience for our Delta Dental members, employers, broker and provider partners.


SAVINGS THROUGH THE DELTA DENTAL NETWORK

Combined, our Delta Dental PPO™ and Delta Dental Premier® networks rank* No. 1 in overall total effective discount in Minnesota.

We contract directly with the dentists in our networks.

Delta Dental MN 2017 Annual Report Savings figures

*Per Ruark Consulting, an independent consulting firm that annual measure and analyzes 21 of the nation’s leading competitive dental networks.



Group of friends sitting around a kitchen table

BALANCE SHEET

Cash and Cash Equivalents $33,019,780
Investments $212,179,250
Accounts and Notes Receivable $78,560,081
Property and Equipment, Net $2,915,754

Total Assets $326,674,865


Dental Service Claims $106,017,700
Accounts Payable $1,599,488
Accrued Expenses $1,580,826
Deferred Revenue and Group Refunds $3,805,834
Due to Affiliates $53,625,831

Total Liabilities $166,629,679


Fund Balance and Member’s Equity $159,704,348
Accumulated Other
Comprehensive Income
$340,838
Total Equity $160,045,186

 
Total Liabilities and Equity $326,674,865

STATEMENT OF OPERATION

Premium Revenue $1,274,673,432
Dental Administrative Fees $99,706
Investments and Other Income $15,226,724

Total Revenue $1,289,999,862


Dental Service Claims $1,173,347,288
Operating Expenses $116,905,298

Total Expenses $1,290,252,586
Revenue Under Expenses $252,724
Increase in Other
Comprehensive Income
$61,655


Reserves, Beginning of Year $172,236,255
Reserves, End of Year $160,045,186
established couple smiling for photograph