True Health New Mexico Inc
Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with 75.8 million in losses in the last three years. Average return on equity over the last five years has been poor at -76.3%. Weak overall results on stability tests (1.1) based on a significant -31% decrease in enrollment during the period, poor risk diversification due to the size of the company's affiliate group. Rating is significantly influenced by the weak financial results of NeueHealth Inc. Weak liquidity (0.5) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall capitalization (3.8) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last two years. Excellent quality investment portfolio (9.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NM
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
NeueHealth Inc
Investment Rating
Company Address
2440 Louisiana Boulevard, NE
Albuquerque, NM 87110
Albuquerque, NM 87110
Phone Number
(505) 633-8020
NAIC Number
16281
Largest Affiliates