MemorialCare Select Hlth Plan
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 79.9 million in losses in the last five years. Weak liquidity (0.0) as a spike in claims may stretch capacity. Good capitalization index (6.6) based on fair current risk-adjusted capital (moderate loss scenario).
Other Rating Factors:
Fair overall results on stability tests (4.2) in spite of healthy premium and capital growth during 2022 but poor risk diversification due to the size of the company's affiliate group. Rating is influenced by the weak financial results of MemorialCare Medical Group.
Principal Lines of Business:
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Licensed in:
CA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
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Medical Expense
Per Member Per Month ($)
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Provider Compensation ($000)
Capitation Pay
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Fee For Service
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Contractual Pay
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Salary
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Bonus
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Other
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Member Physicians
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Enrollment
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Total Patient Encounters
Physician
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Non-Physician
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
17390 Brookhurst Street
Fountain Valley, CA 92708
Fountain Valley, CA 92708
Phone Number
(855) 367-7747
NAIC Number
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Largest Affiliates
No affiliate information available.