Magellan Complete Care of LA
Major Rating Factors:
Weak quality investment portfolio (1.5 on a scale of 0 to 10). Weak overall results on stability tests (2.6) based on a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent profitability (7.8) with operating gains in each of the last five years.
Other Rating Factors:
Excellent overall capitalization (8.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
LA
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
13500 Riverport Drive
Maryland Heights, MO 63043
Maryland Heights, MO 63043
Phone Number
(314) 387-4000
NAIC Number
15550
Website
Largest Affiliates