C
PacificSource Health Plans
Rating Date
June 2024
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: Fair quality investment portfolio (3.4 on a scale of 0 to 10). Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (2.5) with operating losses during 2021.
Other Rating Factors: Excellent capitalization index (8.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years. Potentially strong support from affiliation with PacificSource.
Principal Lines of Business: --
Licensed in: ID, MT, OR, WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
317
Provider Compensation ($000)
Capitation Pay
327
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
PacificSource
Investment Rating
--
Company Address
555 International Way
Springfield, OR 97477
Phone Number
(541) 686-1242
NAIC Number
54976
Largest Affiliates
Weiss Ratings