D
Devoted Health Plan of FL Inc
WalthamMA
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (1.9 on a scale of 0 to 10) with 123.6 million in losses in the last five years. Average return on equity has been extremely poor. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Good overall results on stability tests (6.1).
Other Rating Factors: Excellent capitalization index (8.7) 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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Devoted Health Inc
Investment Rating
--
Company Address
221 Crescent Street
Waltham, MA 02453
Phone Number
(860) 916-9120
NAIC Number
16358
Website
--
Largest Affiliates
D
Waltham, MA - Health
D
Waltham, MA - Health
D
Waltham, MA - Health
D
Waltham, MA - Health
U
Waltham, MA - Health