Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with 8.1 million in losses in the current year. Fair overall results on stability tests (3.9) based on a significant -32% decrease in enrollment during the period, a steep decline in premium revenue in 2022 and inordinate decline in capital during 2022. Rating is influenced by the acceptable financial results of Health First Inc. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.8) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
FL
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
Health First Inc
Investment Rating
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Company Address
6450 US Highway One
Rockledge, FL 32955
Rockledge, FL 32955
Phone Number
(321) 434-5600
NAIC Number
16272
Website
Largest Affiliates