Harmony Health Plan Inc
Major Rating Factors:
Good overall profitability index (5.7 on a scale of 0 to 10) despite 9.2 million in losses in the current year. Good quality investment portfolio (6.3) containing significant exposure to junk bonds. Fair overall results on stability tests (3.9) based on a significant -28% decrease in enrollment during the period, inordinate decline in capital during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation.
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 liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
AL, AR, ID, IL, IN, MO, MS, MT, OK, SC, TN, VA
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
Centene Corporation
Investment Rating
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
11229
Website
Largest Affiliates