Major Rating Factors:
Weak profitability index (0.2 on a scale of 0 to 10) with 61.5 million in losses in the last five years. Weak quality investment portfolio (1.8). Fair overall results on stability tests (3.5) based on a steep decline in capital during 2022, an excessive 53% enrollment growth during the period. Rating is significantly influenced by the acceptable financial results of Point32Health Inc.
Other Rating Factors:
Fair liquidity (3.1) as cash resources may not be adequate to cover a spike in claims. Good capitalization index (6.5) based on fair current risk-adjusted capital (severe loss scenario).
Principal Lines of Business:
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Licensed in:
CT
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
Point32Health Inc
Investment Rating
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Company Address
One Wellness Way
Canton, MA 02021
Canton, MA 02021
Phone Number
(844) 267-1361
NAIC Number
16307
Website
Largest Affiliates