WellCare Hlth Plans of NJ Inc
Major Rating Factors:
Excellent overall profitability index (6.9 on a scale of 0 to 10) despite operating losses during 2019. Excellent overall capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent overall results on stability tests (8.3) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the weak financial results of Centene Corporation.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Weak quality investment portfolio (0.8).
Principal Lines of Business:
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Licensed in:
NJ
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
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Fee For Service
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Contractual Pay
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Salary
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Bonus
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Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
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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
13020
Website
Largest Affiliates