Sanford Health Plan of MN
Major Rating Factors:
Fair capitalization index (3.0 on a scale of 0 to 10) based on fair current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year. Weak profitability index (0.9) with operating losses during 2018, 2019, 2021 and 2022. Weak overall results on stability tests (1.7) based on rapid premium growth over the last five years, fair risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of Sanford.
Other Rating Factors:
Excellent quality investment portfolio (9.4) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
MN
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Sanford
Investment Rating
--
Company Address
4800 W. 57th St.
Sioux Falls, SD 57108
Sioux Falls, SD 57108
Phone Number
(605) 328-6868
NAIC Number
95725
Website
Largest Affiliates