Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 23.3 million in losses in the last three years. Fair overall results on stability tests (4.8) in spite of healthy premium and capital growth during 2023 but fair risk diversification due to the size of the company's affiliate group and an excessive 470% enrollment growth during the period. Excellent capitalization (7.0) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022.
Other Rating Factors:
Excellent quality investment portfolio (9.5) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MA
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
Commonwealth Care Alliance Inc
Investment Rating
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Company Address
30 Winter Street
Boston, MA 02108
Boston, MA 02108
Phone Number
(617) 426-0600
NAIC Number
16986
Largest Affiliates