Delta Dental of Minnesota Annual Report 2017
A HEALTHY SMILE
2017 Delta Dental of Minnesota Annual Report
Including Delta Dental of Minnesota, Serving North Dakota
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
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:
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.
*Per Ruark Consulting, an independent consulting firm that annual measure and analyzes 21 of the nation’s leading competitive dental networks.
|Cash and Cash Equivalents||$33,019,780|
|Accounts and Notes Receivable||$78,560,081|
|Property and Equipment, Net||$2,915,754|
|Dental Service Claims||$106,017,700|
|Deferred Revenue and Group Refunds||$3,805,834|
|Due to Affiliates||$53,625,831|
|Fund Balance and Member’s Equity||$159,704,348|
|Total Liabilities and Equity||$326,674,865|
STATEMENT OF OPERATION
|Dental Administrative Fees||$99,706|
|Investments and Other Income||$15,226,724|
|Dental Service Claims||$1,173,347,288|
|Revenue Under Expenses||$252,724|
|Increase in Other
|Reserves, Beginning of Year||$172,236,255|
|Reserves, End of Year||$160,045,186|