University of MI Hlth Medicare
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 44.4 million in losses in the last four years. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (4.2) in spite of healthy premium and capital growth during 2022 but an excessive 37% enrollment growth during the period.
Other Rating Factors:
Excellent capitalization index (6.9) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
--
Licensed in:
MI
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
UM Health
Investment Rating
--
Company Address
1301 N. Hagadorn Rd.
East Lansing, MI 48823
East Lansing, MI 48823
Phone Number
(517) 364-8400
NAIC Number
16555
Website
Largest Affiliates