Ultimate Health Plans Inc
Major Rating Factors:
Weak capitalization index (0.0 on a scale of 0 to 10) based on weak current risk-adjusted capital (severe loss scenario). Fair profitability index (3.0) with operating losses during 2019 and 2021. Average return on equity over the last five years has been poor at -6.7%. Fair overall results on stability tests (4.2) based on an excessive 53% enrollment growth during the period, rapid premium growth over the last five years and poor risk diversification due to the size of the company's affiliate group.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
--
Licensed in:
FL
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1244 Mariner Boulevard
Spring Hill, FL 34609
Spring Hill, FL 34609
Phone Number
(352) 835-7151
NAIC Number
14243
Website
Largest Affiliates
No affiliate information available.