A
Mount Carmel Health Plan Inc
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: Excellent profitability (8.5 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Furthermore, this high level of risk-adjusted capital has been consistently maintained in previous years. Excellent quality investment portfolio (8.3) containing small junk bond exposure.
Other Rating Factors: Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.6) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2021.
Principal Lines of Business: --
Licensed in: IA, OH
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
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Trinity Health Corporation
Investment Rating
--
Company Address
3100 Easton Square Place
Columbus, OH 43219
Phone Number
(407) 754-5667
NAIC Number
95655
Largest Affiliates
U
Columbus, OH - Health
B
Columbus, OH - Health
B
Columbus, OH - Health
U
Columbus, OH - Health
U
Columbus, OH - Health
Weiss Ratings