B
Essence Healthcare Inc
Rating Date
June 2024
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: Good overall profitability index (5.9 on a scale of 0 to 10) despite a decline in earnings during 2022. Good overall results on stability tests (6.2). Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall capitalization (7.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.7) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: IL, MO, TX, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Lumeris Group Holdings Corporation
Investment Rating
--
Company Address
13900 Riverport Drive
Maryland Heights, MO 63043
Phone Number
(314) 209-2780
NAIC Number
11699
Largest Affiliates
U
Maryland Heights, MO - Health
U
Maryland Heights, MO - Health
U
Maryland Heights, MO - Health
Weiss Ratings