Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 10.3 million in losses in the last three years. Weak liquidity (1.8) as a spike in claims may stretch capacity. Fair capitalization index (4.6) based on weak current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Fair overall results on stability tests (3.1) in spite of healthy premium and capital growth during 2022 but poor risk diversification due to the size of the company's affiliate group and an excessive 207% enrollment growth during the period. Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
NY
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
58 Route 59
Monsey, NY 10952
Monsey, NY 10952
Phone Number
(855) 552-4642
NAIC Number
16621
Website
Largest Affiliates
No affiliate information available.