Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2022 and 2023. Weak quality investment portfolio (2.7). Weak overall results on stability tests (2.8) in spite of healthy premium and capital growth during 2023. Rating is significantly influenced by the weak financial results of Devoted Health Inc.
Other Rating Factors:
Excellent overall capitalization (7.2) based on excellent current risk-adjusted capital (severe loss scenario). Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
IL
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
Devoted Health Inc
Investment Rating
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Company Address
221 Crescent Street
Waltham, MA 02453
Waltham, MA 02453
Phone Number
(617) 958-1611
NAIC Number
17247
Website
Largest Affiliates