A
PROVIDENCE HEALTH PLAN
Data as of
June 30, 2022
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: Excellent profitability (7.6 on a scale of 0 to 10). Strong capitalization index (10.0) based on excellent current risk-adjusted capital (severe loss scenario). High quality investment portfolio (9.4).
Other Rating Factors: Excellent liquidity (7.9) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.7) despite a decline in enrollment during 2021.
Principal Lines of Business: Comp med (52.7%), Medicare (37.0%), Medicaid (10.3%)
Licensed in: OR, WA
Principal Enrollment Breakdown: PPO (66.3%), PSO (15.6%), HMO (14.9%), other (3.2%)
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
483
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3601 Southwest Murray Boulevar
PORTLAND, OR 97213
Phone Number
(503) 574-7500
NAIC Number
95005
Website
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Largest Affiliates
No affiliate information available.
Weiss Ratings