Major Rating Factors:
Weak profitability index (0.2 on a scale of 0 to 10) with 71.8 million in losses in the last three years. Fair overall results on stability tests (3.1) in spite of healthy premium and capital growth during 2023 but poor risk diversification due to the size of the company's affiliate group and an excessive 105% enrollment growth during the period. Fair liquidity (3.0) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Good capitalization (5.8) based on good current risk-adjusted capital (severe loss scenario) reflecting some improvement over results in 2022. Excellent quality investment portfolio (9.8) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
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
None
Investment Rating
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Company Address
306 Belmont Street
Worcester, MA 01604
Worcester, MA 01604
Phone Number
(508) 334-0252
NAIC Number
17015
Website
Largest Affiliates
No affiliate information available.