B
Mount Carmel Hlth Plan of NY
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: Excellent capitalization index (10.0 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (9.0) with ample operational cash flow and liquid investments.
Other Rating Factors: Weak profitability index (1.5) with modest operating losses during 2021 and 2022. Weak overall results on stability tests (2.0) based on a decline in the number of member physicians during 2022. Rating is significantly influenced by the excellent financial results of Trinity Health Corporation.
Principal Lines of Business: --
Licensed in: NY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
665
Provider Compensation ($000)
Capitation Pay
43
Fee For Service
291
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
254
Total Patient Encounters
Physician
Non-Physician
646
Corporate Info
Group Affiliation
Trinity Health Corporation
Investment Rating
--
Company Address
3100 Easton Square Place
Columbus, OH 43219
Phone Number
(614) 546-3211
NAIC Number
16723
Largest Affiliates
A
Columbus, OH - Health
B
Columbus, OH - Health
B
Columbus, OH - Health
U
Columbus, OH - Health
U
Columbus, OH - Health
Weiss Ratings