Sanford Health Plan of MN
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) based on rapid premium growth over the last five years, rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of Sanford. Weak profitability index (0.9) with operating losses during 2018, 2019, 2021 and 2022. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021.
Other Rating Factors:
Excellent quality investment portfolio (9.4) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MN
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
Sanford
Investment Rating
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Company Address
300 Cherapa Place
Sioux Falls, SD 57109
Sioux Falls, SD 57109
Phone Number
(605) 328-6868
NAIC Number
95725
Website
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Largest Affiliates