Clear Spring Health (GA) Inc
Major Rating Factors:
Weak profitability index (0.1 on a scale of 0 to 10) with 11.6 million in losses in the last five years. Average return on equity has been poor at -72.5%. Weak overall results on stability tests (2.0) based on a significant -26% decrease in enrollment during the period, a steep decline in capital during 2022. Rating is significantly influenced by the acceptable financial results of DLICM LLC. Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
GA
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
DLICM LLC
Investment Rating
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Company Address
250 South Northwest Highway
Park Ridge, IL 60068
Park Ridge, IL 60068
Phone Number
(224) 332-2395
NAIC Number
16005
Website
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