B
PrimeCare Medical Network Inc
OntarioCA
Rating Date
June 2024
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: Good overall capitalization (5.0 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. Good overall results on stability tests (5.3) despite inconsistent enrollment growth in the past five years due to declines in 2021 and 2022, good risk-adjusted capital in prior years. Excellent profitability (8.4) with operating gains in each of the last five years.
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 ($)
411
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
None
Investment Rating
UNH
Company Address
3990 Concours Street
Ontario, CA 91764
Phone Number
(909) 605-8000
NAIC Number
--
Largest Affiliates
No affiliate information available.
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