C
AvMed Inc
DoralFL
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 capitalization (3.6 on a scale of 0 to 10) based on weak current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Fair overall results on stability tests (3.6) based on a decline in the number of member physicians during 2022. Potentially strong support from affiliation with Sentara Health. Weak profitability index (0.9) with 184.5 million in losses in the last two years.
Other Rating Factors: Weak liquidity (0.0) as a spike in claims may stretch capacity. Excellent quality investment portfolio (7.5) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
0
Corporate Info
Group Affiliation
Sentara Health
Investment Rating
--
Company Address
3470 NW 82nd Avenue
Doral, FL 33122
Phone Number
(352) 372-8400
NAIC Number
95263
Largest Affiliates
B
Virginia Beach, VA - Health
B
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health
U
Virginia Beach, VA - Health