Major Rating Factors:
Good overall profitability index (5.5 on a scale of 0 to 10) despite 4.5 million in losses in the current year. Fair overall results on stability tests (4.3) based on a significant -34% decrease in enrollment during the period, inordinate decline in capital during 2022. Rating is significantly influenced by the excellent financial results of CareSource. Excellent capitalization (7.6) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
KY
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
CareSource
Investment Rating
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Company Address
230 North Main Street
Dayton, OH 45402
Dayton, OH 45402
Phone Number
(937) 531-3300
NAIC Number
15479
Website
Largest Affiliates