Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Good overall results on stability tests (4.9) in spite of healthy premium and capital growth during 2023 but fair risk diversification due to the company's size and an excessive 100% enrollment growth during the period. Good overall capitalization (5.6) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
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
Pphp-Tx Holdco LLC
Investment Rating
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Company Address
8820 Columbia 100 Parkway
Columbia, MD 21045
Columbia, MD 21045
Phone Number
(469) 254-5466
NAIC Number
17005
Website
Largest Affiliates