Patient First Corporation

Glen Allen, VA Health careNAICS 621498

Self-funded health planPlan year 2024Renews April
3,971ParticipantsFirst year on file
$9.4MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#10 of 34Health care in VABy participants

Overview

Patient First Corporation sponsors a self-funded health plan that covered 3,971 participants in plan year 2024. The plan year starts in April. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
3,971
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Patient First Corp. Employee Health & Welfare Benefit Plan, plan 501 (3,971 participants)
Stop-loss carrier
Anthem Health Plans of Virginia, Inc.
Broker compensation
$2.1M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Long-term disability, Short-term disability2,782$2.7M$151K
Anthem Health Plans of Virginia, Inc.PPO, Vision, EAP, Stop-loss2,016$1.8M$2.0M
Eyemed Vision Care/combined Insurance Company of AmericaVision1,655$183K—
Life Insurance Company of North AmericaAccidental Death1,466—$1K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$9.4M/ year

Estimated prescription spend: 3,971 participants × $2,371 national average per member. Usually higher once dependents are counted.

$245K–$604K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$72K–$179K
Lower-cost therapeutic alternatives$105K–$218K
Generic pricing vs. actual cost$45K–$136K
PBM contract terms$24K–$71K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Patient First Corporation
Sponsor EIN
54-1353272
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-1353272 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Patient First 401(k) Plan
Type
401(k) plan
Participants
5,113

About this data

Source: Patient First Corporation's Form 5500 filing for plan year 2024 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Patient First Corporation.

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