D
Shared Health Mississippi Inc
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 (0.2 on a scale of 0 to 10) with 52.9 million in losses in the last three years. Weak overall results on stability tests (1.1) based on an excessive 345% enrollment growth during the period. Rating is significantly influenced by the strong financial results of BlueCross BlueShield of Tennessee Inc. Weak liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors: Excellent capitalization index (7.6) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Principal Lines of Business: --
Licensed in: AL, MS
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
570
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
BlueCross BlueShield of Tennessee Inc
Investment Rating
--
Company Address
One Cameron Hill Circle
Chattanooga, TN 37402
Phone Number
(423) 535-3865
NAIC Number
16708
Largest Affiliates
B
Chattanooga, TN - Health
A
Chattanooga, TN - Health
A
Chattanooga, TN - Health
U
Chattanooga, TN - Health