Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) due to a decline in earnings during 2023. Return on equity has been low, averaging 2.3% over the last five years. Fair overall results on stability tests (4.2) based on a significant -30% decrease in enrollment during the period. Rating is significantly influenced by the strong financial results of BridgeSpan Health Co. Excellent capitalization index (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.0) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
ID, OR, UT, WA
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
BridgeSpan Health Co
Investment Rating
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Company Address
200 SW Market Street
Portland, OR 97201
Portland, OR 97201
Phone Number
(503) 721-7189
NAIC Number
95303
Website
Largest Affiliates