Major Rating Factors:
Weak profitability index (0.7 on a scale of 0 to 10) with 29.4 million in losses in the last four years. Average return on equity over the last five years has been poor at -62.5%. Fair overall results on stability tests (3.8) based on fair risk diversification due to the company's size, an overall decline in enrollment over the past five years. Excellent capitalization index (7.2) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. 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:
TX
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
Memorial Hermann Healthcare System Inc
Investment Rating
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Company Address
929 Gessner Road
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 338-5252
NAIC Number
10076
Largest Affiliates