C
HN1 Therapy Network of NJ LLC
Rating Date
April 2025
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: Fair capitalization index (4.2 on a scale of 0 to 10) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year. Fair overall results on stability tests (3.3) based on poor risk diversification due to the company's size. Excellent profitability (7.3) despite a decline in earnings during 2022.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: NJ
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
1
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
309
Enrollment
Total Patient Encounters
Physician
309
Non-Physician
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2001 South Andrews Avenue
Fort Lauderdale, FL 33316
Phone Number
(305) 614-0109
NAIC Number
15014
Largest Affiliates
No affiliate information available.