Local Development
B
Blue Care Network of Michigan
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Weiss Ratings
Blue Care Network of Michigan
Southfield, MI
Low
Blue Care Network of Michigan
Industry Average
High
Capitalization Index
10.00
0.00
10.00
Investment Safety Index
8.54
0.00
9.90
Liquidity Index
6.82
0.00
10.00
Profitability Index
2.57
0.00
10.00
Stability Index
6.89
< 0.00
8.74
Balance Sheet
Blue Care Network of Michigan
Southfield, MI
Low
Blue Care Network of Michigan
Industry Average
High
Total Assets
2.67B
< 1.30B
> 5.19B
Capital and Reserves
Blue Care Network of Michigan
Southfield, MI
Low
Blue Care Network of Michigan
Industry Average
High
Capital
1.75B
< 223.51M
> 1.75B
Risk-Adjusted Capital Ratio #1
6.18
< 0.00
> 20.00
Risk-Adjusted Capital Ratio #2
5.15
< 0.00
> 20.00
Operating Ratios
Blue Care Network of Michigan
Southfield, MI
Low
Blue Care Network of Michigan
Industry Average
High
Medical Loss Ratio
87.69%
< -960.00%
> 90.00%
Other Medical
Blue Care Network of Michigan
Southfield, MI
Low
Blue Care Network of Michigan
Industry Average
High
Bonus Pay
2.27B
< 44.88M
> 2.27B
Capitation Pay
146.27M
< 61.11M
> 244.45M
Contractual Pay
1.05B
< 320.54M
> 1.28B
Enrollment
663.06K
< 104.21K
> 663.06K
Fee For Service
124.78M
< 51.24M
> 204.97M
Medical Expense Per Member Per Month
457.00
< -31,760.00
> 460.00
Network Physicians
73.18K
< 24.01K
> 96.07K
Other Pay
0.00
0.00
> 270.24M
Salary Pay
0.00
0.00
> 24.83M
Total Patient Encounters - Physician
3.93M
< 737.56K
> 3.93M
Total Patient Encounters - Non-Physician
2.98M
< 529.28K
> 2.98M
Profitability
Blue Care Network of Michigan
Southfield, MI
Low
Blue Care Network of Michigan
Industry Average
High
Health Premium
4.15B
< 391.84M
> 4.15B
Net Income
-36.18M
< -36.18M
> 41.05M
Weiss Ratings