Physicians Hlth Plan Northern
Major Rating Factors:
Good quality investment portfolio (5.0 on a scale of 0 to 10) containing junk bond exposure equal to 90.9% of capital. Good overall results on stability tests (5.8). Rating is significantly influenced by the excellent financial results of Corewell Health. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.5) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (1.3) with modest operating losses during 2020, 2021 and 2023.
Principal Lines of Business:
--
Licensed in:
IN, OH
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1700 Magnavox Way
Fort Wayne, IN 46804
Fort Wayne, IN 46804
Phone Number
(260) 432-6690
NAIC Number
95436
Website
Largest Affiliates