Non-Profit Health Care Plan Serving 200,000 People On South Coast Reaches Financial Milestone
A non-profit health care provider which serves as an HMO for more than 200,000 Medi-Cal patients in Ventura County has reached a financial milestone.
The Gold Coast Health Plan started on a shaky financial footing when it was launched in 2009. It had to set up a $7.2 million dollar revolving line of credit with the county to meet state mandated reserves.
Now, with more than $130 million dollars in net assets the plan has ample reserves, and has received permission from state regulators to repay the line of credit to the county.