Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) based on a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of CareSource PASSE LLC. Fair liquidity (3.0) as cash resources may not be adequate to cover a spike in claims. Weak profitability index (1.8) due to a decline in earnings during 2023.
Other Rating Factors:
Excellent overall capitalization (9.3) based on excellent current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
AR
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
CareSource PASSE LLC
Investment Rating
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Company Address
230 North Main Street
Dayton, OH 45402
Dayton, OH 45402
Phone Number
(937) 224-3300
NAIC Number
17096
Website
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Largest Affiliates