A.M. Best Assigns Rating to Community Care Behavioral Health, Inc.OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of B++ (Good) to Community Care Behavioral Health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or , Inc. (Community Care). The rating outlook is stable. Community Care is an insurance subsidiary of the University of Pittsburgh Medical Center The University of Pittsburgh Medical Center (UPMC) is a leading American healthcare provider and institution for medical research. It consistently ranks in US News and World Report's "Honor Roll" of the approximately 15 best hospitals in America. (UPMC See Ultra-Mobile PC. ). A.M. Best has also affirmed the FSRs of UPMC's other insurance subsidiaries, UPMC Health Plan, Inc., UPMC Health Network, Inc. and UPMC For You, Inc. The outlook for these ratings is stable. All companies are domiciled in Pittsburgh, PA. (See below for a detailed listing of the ratings.) Community Care is a strategic entity of UPMC, a nationally recognized, market-leading integrated healthcare delivery system in Pennsylvania. Community Care provides behavioral health services to UPMC health plan members and on a contracted basis with the Pennsylvania Department of Public Welfare across Pennsylvania. Community Care has had consistent earnings over the past several years with margins of approximately 2%. Projections for 2007 indicate that profitability will continue. Currently, on a stand-alone basis, Community Care has good capitalization based on its current rating level according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Best's Capital Adequacy Ratio Capital adequacy ratio (CAR), also called Capital to Risk (Weighted) Assets Ratio (CRAR)[], is a ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss. (BCAR BCAR Brunswick County Association of Realtors BCAR British Civil Airworthiness Requirements BCAR Bullitt County Animal Rescue (Shepherdsville, KY) BCAR Business Case Analysis Report BCAR Beaver Creek Array BCAR Buffalo Civic Auto Ramps, Inc. ). In 2006, Community Care was awarded several new risk contracts in northeastern Pennsylvania, which will rapidly increase membership. Although capital levels are sufficient for the current rating and Community Care has a history of maintaining sufficient amounts of capital during previous periods of significant growth, A.M. Best is concerned about the pressure the new levels of membership will have on capital and whether Community Care will be able to sustain sufficient amounts of capital for its current rating in the future. An FSR of B++ (Good) has been assigned to Community Care Behavioral Health, Inc. The FSRs of B++ (Good) have been affirmed for UPMC Health Plan, Inc. and UPMC Health Network, Inc. The FSR of B+ (Good) has been affirmed for UPMC For You, Inc. For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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