Avera Health Plans Inc
Major Rating Factors:
Weak profitability index (0.7 on a scale of 0 to 10) with 24.8 million in losses in the last two years. Average return on equity over the last five years has been poor at -2.3%. Weak liquidity (1.3) as a spike in claims may stretch capacity. Fair capitalization index (4.6) based on weak current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Good quality investment portfolio (4.9). Fair overall results on stability tests (3.7) based on fair risk diversification due to the size of the company's affiliate group. Rating is influenced by the weak financial results of Avera Health.
Principal Lines of Business:
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Licensed in:
IA, NE, SD
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
None
Investment Rating
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Company Address
5300 South Broadband Lane
Sioux Falls, SD 57108
Sioux Falls, SD 57108
Phone Number
(605) 322-4500
NAIC Number
95839
Website
Largest Affiliates
No affiliate information available.