B
Total Health Care Inc
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 profitability index (3.6 on a scale of 0 to 10) with operating losses during 2019. Excellent overall capitalization (9.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (7.4).
Other Rating Factors: Excellent liquidity (10.0) with ample operational cash flow and liquid investments. Weak overall results on stability tests (0.0) based on a decline in the number of member physicians during 2022, a steep decline in capital during 2022. Rating is significantly influenced by the excellent financial results of Corewell Health.
Principal Lines of Business: --
Licensed in: MI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
--
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
256
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
0
Enrollment
0
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1231 East Beltline Ave NE
Grand Rapids, MI 49525
Phone Number
(313) 871-7878
NAIC Number
95644
Largest Affiliates
A
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
B
Grand Rapids, MI - Health
Weiss Ratings