Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with 7.2 million in losses in the last two years. Weak overall results on stability tests (1.5) based on inordinate decline in capital during 2022. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.6) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NY
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
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independent Health Association Inc
Investment Rating
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Company Address
511 Farber Lakes Drive
Buffalo, NY 14221
Buffalo, NY 14221
Phone Number
(716) 631-3001
NAIC Number
95308
Website
Largest Affiliates