Physicians Hlth Plan Northern
Major Rating Factors:
Good quality investment portfolio (5.0 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (5.6) despite a decline in enrollment during 2022. Rating is significantly influenced by the excellent financial results of Corewell Health. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.7) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Weak profitability index (1.9) with operating losses during 2020 and 2021.
Principal Lines of Business:
--
Licensed in:
IN
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
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1700 Magnavox Way
Fort Wayne, IN 46804
Fort Wayne, IN 46804
Phone Number
(260) 432-6690
NAIC Number
95436
Website
Largest Affiliates