Bright Hlth Co of SC Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2021. Weak overall results on stability tests (0.8) in spite of healthy premium and capital growth during 2022 but an excessive 280% enrollment growth during the period and poor risk diversification due to the company's size. Rating is significantly influenced by the weak financial results of NeueHealth Inc. Good quality investment portfolio (4.9).
Other Rating Factors:
Excellent capitalization index (8.7) based on good current risk-adjusted capital (severe loss scenario). Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
SC
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
16544
Website
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