Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 145.1 million in losses in the last three years. Weak overall results on stability tests (0.9) in spite of steady enrollment growth, averaging 2% over the past five years but good risk-adjusted capital in prior years. Excellent capitalization (6.9) based on excellent current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated during prior years.
Other Rating Factors:
Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (8.0) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
NY
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
Independent Health Association Inc
Investment Rating
--
Company Address
511 Farber Lakes Drive
Buffalo, NY 14221
Buffalo, NY 14221
Phone Number
(716) 631-3001
NAIC Number
95308
Website
Largest Affiliates