B
Total Health Care Inc
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: Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2017 and 2019. Fair overall capitalization (3.7) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last year. Excellent quality investment portfolio (7.5).
Other Rating Factors: Excellent liquidity (7.5) with ample operational cash flow and liquid investments. Weak overall results on stability tests (2.5) based on a significant -100% decrease in enrollment during the period, excessive capital growth during 2021. 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
Fee For Service
176
Contractual Pay
Salary
0
Bonus
985
Other
--
Member Physicians
Enrollment
0
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Corewell Health
Investment Rating
--
Company Address
1231 East Beltline Ave NE
Grand Rapids, MI 49525
Phone Number
(313) 293-6466
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