Business Profile/Finance

Corporate Name:

South Dakota State Medical Holding Company, Inc.

Subsidiary Companies:

DAKOTACARE Administrative Services, Inc. (100% owned) 

DAKOTACARE and its subsidiaries employ approximately 150 persons in its home office in Sioux Falls and branch offices in Rapid City and Webster, SD.

DAKOTACARE’s statewide presence is emphasized through over 380 sales agents in over 90 South Dakota communities.

At December 31, 2010, DAKOTACARE and its subsidiaries have nearly $40 million in total statutory assets and a statutory net worth of over $20 million, with annual combined revenues of approximately $110 million.

DAKOTACARE and its subsidiaries serve over 122,000 members in South Dakota and across the nation. DAKOTACARE and its subsidiaries maintain an HMO license in South Dakota and Third Party Administrator licenses in 14 states.

All of DAKOTACARE’s health care products include access to the only comprehensive statewide provider network that contains over 7,600 providers. This network includes more than 98% of the state’s physicians, all its hospitals and over 98% of its pharmacies. It also includes many other types of providers, such as psychologists, chiropractors, optometrists, surgical centers, DME and home health suppliers, and treatment centers, just to note a few. DAKOTACARE also contracts with several other national and regional health networks offering members access to more than 500,000 providers, over 4,700 facilities and more than 65,000 pharmacies nationwide.

Financial Information

DAKOTACARE, rated B (Fair) by A.M. Best, is proudly entering its 26th year of operation, serving more than 122,000 members nationwide.