Bright Health Co of Arizona
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2018, 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -97.5%. Weak overall results on stability tests (1.5) based on excessive premium growth during 2022, rapid enrollment growth during the past five years and poor risk diversification due to the size of the company's affiliate group. Rating is significantly influenced by the weak financial results of NeueHealth Inc. Excellent capitalization index (7.9) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AZ
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
NeueHealth Inc
Investment Rating
Company Address
8000 Norman Center Drive
Minneapolis, MN 55437
Minneapolis, MN 55437
Phone Number
(612) 238-1321
NAIC Number
16122
Website
Largest Affiliates
