Major Rating Factors:
Weak profitability index (1.7 on a scale of 0 to 10) with 14.2 million in losses in the last three years. Weak quality investment portfolio (1.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Good overall results on stability tests (5.8) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years.
Other Rating Factors:
Excellent capitalization index (7.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
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
HAP Empowered Holding LLC
Investment Rating
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Company Address
3031 West Grand Boulevard
Detroit, MI 48202
Detroit, MI 48202
Phone Number
(313) 872-8100
NAIC Number
95814
Website
Largest Affiliates