Priority Health
Major Rating Factors:
Excellent overall capitalization (9.4 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (8.2) containing small junk bond exposure. Excellent overall results on stability tests (7.7) based on steady enrollment growth, averaging 8% over the past five years, consistent premium and capital growth in the last five years.
Other Rating Factors:
Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall profitability index (6.1) despite modest operating losses during 2021.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
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Company Address
1231 East Beltline, NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(616) 464-8931
NAIC Number
95561
Website
Largest Affiliates
