Provider Ptnrs Hlth Plan Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with modest operating losses during 2018, 2019, 2020 and 2022. Fair overall results on stability tests (3.2) based on inconsistent enrollment growth in the past five years due to declines in 2020, 2021 and 2022, fair risk diversification due to the company's size. Rating is significantly influenced by the weak financial results of Pphp Holdco LLC. Excellent capitalization (8.2) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2020.
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:
IL, MD
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
Pphp Holdco LLC
Investment Rating
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Company Address
785 Elkridge Landing Road
Linthicum Heights, MD 21090
Linthicum Heights, MD 21090
Phone Number
(443) 275-9800
NAIC Number
15719
Website
Largest Affiliates