Meridian Health Plan of IL Inc
Major Rating Factors:
Weak profitability index (2.2 on a scale of 0 to 10) with operating losses during 2018, 2019 and 2022. Average return on equity over the last five years has been poor at -18.9%. Good overall results on stability tests (5.3). 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.
Other Rating Factors:
Excellent capitalization (7.5) based on good 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
