B
PrimeCare Medical Network Inc
OntarioCA
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.3 on a scale of 0 to 10) based on inordinate decline in capital during 2021. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario). Excellent profitability (7.2) despite a decline in earnings during 2021.
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
860
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
0
Corporate Info
Group Affiliation
UnitedHealth Group Incorporated
Investment Rating
UNH
Company Address
3990 Concours Street
Ontario, CA 91764
Phone Number
(909) 605-8000
NAIC Number
--
Largest Affiliates
No affiliate information available.
Weiss Ratings