Meridian Health Plan of IL Inc
Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Centene Corporation. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (2.2) with operating losses during 2018, 2019 and 2022. Average return on equity over the last five years has been poor at -18.9%.
Other Rating Factors:
Excellent capitalization (7.8) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent quality investment portfolio (9.2) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
IL
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
Centene Corporation
Investment Rating
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
13189
Largest Affiliates