Mary Washington Health Plan
Major Rating Factors:
Weak profitability index (0.3 on a scale of 0 to 10) with 30.3 million in losses in the last four years. Weak overall results on stability tests (2.8) based on excessive premium growth during 2022, an excessive 47% enrollment growth during the period and poor risk diversification due to the size of the company's affiliate group. Fair capitalization index (4.1) based on fair current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
VA
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
None
Investment Rating
--
Company Address
2300 Fall Hill Avenue
Fredericksburg, VA 22401
Fredericksburg, VA 22401
Phone Number
(540) 741-2507
NAIC Number
16575
Website
Largest Affiliates
No affiliate information available.