Workpartners, which is part of UPMC Insurance Services, has retained its financial strength rating of A- (Excellent) with a stable outlook from A.M. Best.
The A- (Excellent) rating with a stable outlook applies to UPMC Workers’ Compensation Group, which includes UPMC Health Benefits Inc. and UPMC Work Alliance Inc. All entities are part of UPMC’s Workpartners workers’ compensation line of business.
The insurance ratings reflect what A.M. Best described as Workpartners’ strong balance sheet with “strong liquidity and cash flow measures.” A.M. Best recognized the Workers’ Compensation products as being in the top category of risk-adjusted capitalization, or 99.6% as measured by Best’s Capital Adequacy Ratio.
As part of its stable outlook, A.M. Best also noted that Workpartners has a “strong reputation as a member of the UPMC Insurance Services Division and carries the UPMC name, which is well recognized in the operating region.”
A.M. Best is a provider of ratings, financial data and news with an insurance industry focus. It issues ratings on more than 3,500 companies in more than 80 countries worldwide.
UPMC Insurance Services is owned and operated by UPMC, a health care provider and insurer based in Pittsburgh, Penn. UPMC Insurance Services – which includes UPMC Health Plan, Workpartners, UPMC for Life, UPMC for You, UPMC for Kids, and Community Care Behavioral Health – offers a full range of health insurance and benefit management services including Medicare, special needs, children’s health insurance, medical assistance, behavioral health, employee assistance and workers’ compensation products and services to more than 3.7 million members.
Workpartners is a health, wellness and productivity company that assists clients in transforming the well-being of their workforce. With an outcome-focused, consultative approach and four strategic lines of business that include absence management services, Life Solutions health management, wellness and employee assistance programs, workers’ compensation, and on-site health services, Workpartners provides workplace strategies built on more than 20 years of experience. Workpartners is headquartered in Pittsburgh and is part of UPMC Insurance Services.
Source: UPMC Insurance Services
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