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 (2.7) based on excessive premium growth during 2022, poor risk diversification due to the size of the company's affiliate group and an excessive 47% enrollment growth during the period. Rating is influenced by the weak financial results of Mary Washington Healthcare Incorporated. Fair capitalization index (4.3) based on weak 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:
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Licensed in:
VA
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
None
Investment Rating
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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.