Meridian Health Plan of IL Inc
Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2019 and 2022. Return on equity has been low, averaging 4.8% over the last five years. Fair quality investment portfolio (2.9). Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Excellent overall results on stability tests (7.6) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Centene Corporation.
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