Major Rating Factors:
Weak profitability index (2.0 on a scale of 0 to 10) with 8.8 million in losses in the last two years. Weak quality investment portfolio (1.0). Good capitalization (6.8) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years but good risk-adjusted capital in prior years. Potentially strong support from affiliation with Quartz Health Plan Corporation.
Principal Lines of Business:
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Licensed in:
IA, IL, WI
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
Quartz Health Plan Corporation
Investment Rating
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Company Address
2650 Novation Pkwy
Fitchburg, WI 53713
Fitchburg, WI 53713
Phone Number
(608) 643-2491
NAIC Number
95101
Website
Largest Affiliates