Select Health of SC Inc
Major Rating Factors:
Good overall profitability index (6.0 on a scale of 0 to 10) despite a decline in earnings during 2022. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.6) containing small junk bond exposure. Excellent overall results on stability tests (7.2) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of Independence Health Group Inc.
Principal Lines of Business:
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Licensed in:
KY, MS, RI, SC
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
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independence Health Group Inc
Investment Rating
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Company Address
4390 Belle Oaks Drive
North Charleston, SC 29405
North Charleston, SC 29405
Phone Number
(843) 569-1759
NAIC Number
95458
Website
Largest Affiliates
