E
MemorialCare Select Hlth Plan
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: Weak profitability index (0.3 on a scale of 0 to 10) with 74.9 million in losses in the last five years. Weak capitalization index (2.8) based on weak current risk-adjusted capital (severe loss scenario). Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors: Fair overall results on stability tests (3.8) based on 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: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
181
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
0
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
17390 Brookhurst Street
Fountain Valley, CA 92708
Phone Number
(855) 367-7747
NAIC Number
--
Largest Affiliates
No affiliate information available.
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