Clear Spring Health of IL Inc
Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with operating losses during 2018, 2021 and 2022. Average return on equity over the last five years has been poor at -57.8%. Weak overall results on stability tests (1.5) based on a steep decline in premium revenue in 2022, a significant -64% decrease in enrollment during the period. Rating is significantly influenced by the acceptable financial results of DLICM LLC. Excellent capitalization index (9.5) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
IL
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
(847) 696-8500
NAIC Number
16278
Largest Affiliates