Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2019 and 2021. Average return on equity over the last five years has been poor at -2.0%. Fair overall results on stability tests (3.8) based on a significant -18% decrease in enrollment during the period, fair risk diversification due to the company's size. Rating is influenced by the weak financial results of Memorial Hermann Healthcare System Inc. Excellent capitalization index (9.0) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
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
Memorial Hermann Healthcare System Inc
Investment Rating
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Company Address
929 Gessner Drive
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 338-5252
NAIC Number
16433
Largest Affiliates