D
Prominence HealthFirst
RenoNV
Rating Date
September 2023
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: Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2017, 2018, 2019 and 2021. Average return on equity over the last five years has been poor at -20.4%. Weak quality investment portfolio (0.0). Fair overall results on stability tests (4.8).
Other Rating Factors: Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: NV
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
709
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Universal Health Services Inc
Investment Rating
UHS
Company Address
1510 Meadow Wood Lane
Reno, NV 89502
Phone Number
(775) 770-9300
NAIC Number
95793
Largest Affiliates
Weiss Ratings