Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 66.3 million in losses in the last three years. Good overall results on stability tests (5.7) despite a decline in enrollment during 2022. Rating is significantly influenced by the acceptable financial results of Point32Health Inc. Good liquidity (5.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent quality investment portfolio (8.5) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
MA, NH
Principal Enrollment Breakdown:
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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
Point32Health Inc
Investment Rating
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Company Address
One Wellness Way
Canton, MA 02021
Canton, MA 02021
Phone Number
(617) 972-9400
NAIC Number
96717
Largest Affiliates