B
MVP Health Services Corp
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good capitalization (6.8 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Good overall results on stability tests (6.4) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2021. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair profitability index (3.6) with operating losses during 2017 and 2021. Excellent quality investment portfolio (7.6) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: NY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
726
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
MVP Health Care Inc
Investment Rating
--
Company Address
625 State Street
Schenectady, NY 12305
Phone Number
(518) 370-4793
NAIC Number
47062
Largest Affiliates
B
Schenectady, NY - Health
U
Schenectady, NY - Health
Weiss Ratings