Neighborhood Health Plan of RI
Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) despite a decline in earnings during 2022. Good capitalization (5.5) based on fair current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2018. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors:
Excellent overall results on stability tests (7.4) based on consistent premium and capital growth in the last five years. 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:
RI
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
None
Investment Rating
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Company Address
910 Douglas Pike
Smithfield, RI 02917
Smithfield, RI 02917
Phone Number
(401) 459-6000
NAIC Number
95402
Website
Largest Affiliates
No affiliate information available.