Major Rating Factors:
Good overall results on stability tests (5.4 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of ProMedica Health Systems Inc. Excellent profitability (8.1) with operating gains in each of the last five years. Excellent capitalization (8.0) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
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
ProMedica Health Systems Inc
Investment Rating
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Company Address
214 East Elm Avenue
Monroe, MI 48162
Monroe, MI 48162
Phone Number
(734) 529-7800
NAIC Number
95566
Largest Affiliates
