UCare Health Inc
Major Rating Factors:
Good overall results on stability tests (6.0 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of UCare Minnesota. Excellent overall capitalization (9.5) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Other Rating Factors:
Fair profitability index (2.9) with operating losses during 2019 and 2020. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
MN, WI
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
UCare Minnesota
Investment Rating
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Company Address
500 Stinson Boulevard, NE
Minneapolis, MN 55413
Minneapolis, MN 55413
Phone Number
(612) 676-6500
NAIC Number
12924
Website
Largest Affiliates