Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with 48.2 million in losses in the last two years. Weak overall results on stability tests (1.5) based on an excessive 39% enrollment growth during the period. Potentially strong support from affiliation with Independent Health Association Inc. Good overall capitalization (5.0) based on fair current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.2) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NY
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
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Independent Health Association Inc
Investment Rating
--
Company Address
511 Farber Lakes Drive
Buffalo, NY 14221
Buffalo, NY 14221
Phone Number
(716) 631-3001
NAIC Number
47034
Website
Largest Affiliates