Total Health Care USA Inc
Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with modest operating losses during 2020 and 2021. Fair overall capitalization (4.2) based on weak current risk-adjusted capital (severe loss scenario) as results have slipped from the excellent range over the last three years. Excellent quality investment portfolio (9.5) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Weak overall results on stability tests (1.4) based on a significant -28% decrease in enrollment during the period. Rating is significantly influenced by the excellent financial results of Corewell Health.
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 ($)
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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
Corewell Health
Investment Rating
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Company Address
1231 East Beltline Ave NE
Grand Rapids, MI 49525
Grand Rapids, MI 49525
Phone Number
(313) 293-6466
NAIC Number
12326
Website
Largest Affiliates
