WellCare of Georgia Inc
Major Rating Factors:
Good overall profitability index (5.5 on a scale of 0 to 10) despite 5.0 million in losses in the current year. Good quality investment portfolio (6.6) containing significant exposure to junk bonds. Weak overall results on stability tests (2.6) based on a steep decline in premium revenue in 2023, a significant -36% decrease in enrollment during the period and a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation.
Other Rating Factors:
Excellent overall capitalization (9.3) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
GA
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
Centene Corporation
Investment Rating
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
10760
Website
Largest Affiliates