#72 of 500 · Health Plan / Insurer

Mdwise Medicaid Network Inc

EIN 47-3192307 · IN · NTEE E80 · Form 990, fiscal 2023

Part of MDwise, an Indiana-based not-for-profit managed care organization founded in 1994 to serve people needing Medicaid coverage. Provider-owned, it administered Indiana Medicaid programs including the Healthy Indiana Plan (HIP) and Hoosier Healthwise, coordinating a statewide network of doctors, specialists, and hospitals. Note: MDwise ceased operating as an Indiana Medicaid health plan option as of December 31, 2025.

Financials, fiscal 2023

Revenue

$2.01B

Expenses

$2.03B

Total assets

$271.6M

Net assets

-$76.8M

Operating margin

-1.0%

1-year growth

2.8%

5-year growth (CAGR)

11.9%

Reserve (years of spending)

-0.5

Contributions share

n/a

Programme spending

100.0%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

7

NFP Health Score: 46 / 100

Financial 10 · Governance 75 · 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