Bright Health Co of NC
Major Rating Factors:
Weak profitability index (0.3 on a scale of 0 to 10) with 222.8 million in losses in the last four years. Weak overall results on stability tests (0.8) based on a steep decline in premium revenue in 2022, an excessive 38% enrollment growth during the period and poor risk diversification due to the size of the company's affiliate group. Rating is influenced by the weak financial results of NeueHealth Inc. Weak liquidity (2.1) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent capitalization index (7.5) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.6) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NC
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
NeueHealth Inc
Investment Rating
Company Address
8000 Norman Center Drive
Minneapolis, MN 55437
Minneapolis, MN 55437
Phone Number
(612) 238-1321
NAIC Number
16595
Website
Largest Affiliates
