UCare Health Inc
Major Rating Factors:
Good overall results on stability tests (6.7 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of UCare Minnesota. Excellent overall capitalization (9.1) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Weak profitability index (2.3) with modest operating losses during 2019, 2020 and 2023. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business:
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Licensed in:
MN, 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
UCare Minnesota
Investment Rating
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Company Address
500 Stinson Boulevard, NE
Minneapolis, MN 55413
Minneapolis, MN 55413
Phone Number
(612) 676-6500
NAIC Number
12924
Website
Largest Affiliates