C
Vantage Health Plan Inc
MonroeLA
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 (3.2 on a scale of 0 to 10) with 2.7 million in losses in the current year. Fair capitalization (4.1) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the good range over the last three years. Fair overall results on stability tests (4.5) based on fair risk-adjusted capital in prior years. Rating is significantly influenced by the strong financial results of Louisiana Health Service and Indemnity Co.
Other Rating Factors: Good quality investment portfolio (6.7) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: LA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
977
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Louisiana Health Service and Indemnity Co
Investment Rating
--
Company Address
130 DeSiard Street
Monroe, LA 71201
Phone Number
(318) 361-0900
NAIC Number
95584
Largest Affiliates
B
Baton Rouge, LA - Health
A
Baton Rouge, LA - Health
C
Monroe, LA - Health
C
Monroe, LA - Health
Weiss Ratings