Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Blue Cross parent HCSC CEO left in dispute over strategy | Crain's Blue Cross parent Health Care Service Corp. exec pay goes underreported 1-877-812-1590, Pritzker meeting with Walgreens after backing off on abortion pill, Walgreens wont sell abortion pills in 20 states after warning, Walgreens cuts its stake in Option Care Health, Sponsored Content: Luxury Home of the Week, The Most Powerful Women In Chicago Business. Under Steiner, the $36 billion-revenue company has focused on its local markets and financial performance. S Maurice Smith earned $918,091 in his NFL career. HCSC board member and former energy executive David J. Lesar will serve as interim CEO until Steiner's replacement is named. Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Maurice Smith Email & Phone Number - Health Car.. | ZoomInfo In addition, We will continue to take action to focus and execute on a strategy that will propel this exciting and innovative company into the next phase of its evolution, while providing long-term value to customers, medical and other health care providers, employees and other partners in the dynamic health care industry. Crains Chicago Business reported that the layoffs come a month after HCSC got rid of a few dozen middle management jobs and six months after CEO Paula Steiner left the company. HCSC board member and former energy executive David Lesar is serving as interim CEO. All Rights Reserved. Health Care Service Corporation is the countrys largest customer-owned health insurer, with nearly 16 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. Maurice joined HCSC nearly 27 years ago as an intern. sclerosis suffix words Health Care Service Corporation Names Maurice Smith New Chief Executive For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. In addition, some sites may require you to agree to their terms of use and privacy policy. The Hawks failed to score in the last 59 minutes Saturday and suffered their fourth consecutive loss. The most common ethnicity at HCSC is White (60%). The company also provides various care management and wellness resources. The two, which intend to transform health care delivery, are in the process of launching a network to provide more vulnerable beneficiaries with access to local resources to address social factors that affect health. The company reported annualized return on capital of greater than 40% through the first half of 2018, where achieving a high single-digit ROC would be consistent with Fitch's median guideline for the current rating category. CHICAGO Health Care Service Corporation (HCSC) announced today that its Board of Directors has named current president, Maurice Smith, as chief executive officer and president, effective June 1, 2020. Smiths current philanthropic endeavors include actively serving on the boards of the Civic Consulting Alliance, Chicago Council on Global Affairs, Roosevelt University and the Common Ground Foundation. houseboat netherlands / brigada pagbasa 2021 memo region 5 / maurice smith hcsc wife. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. He also served as the chairman of the board of directors for DearbornLife Insurance Company, a subsidiary of HCSC. Their struggles were hardly surprising, given the substantial changes in the roster coach Luke Richardson is working with. With 16 million members, HCSC's revenue increased 10 percent to $35.9 billion last year. Health Care Service Corporation Names Maurice Smith New Chief - HCSC Missing Crain's in print? Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. Moving forward, HCSC will likely seek growth in Medicaid and Medicare Advantage, Akers says. Smith, who joined Health Care Service as an intern nearly 27 years ago, will be the first permanent CEO of Health Care Service since Paula Steiner surprised company observers by stepping down less than a year ago after a four-year stint as the companys top executive. Since then, he has held a number of executive roles with increasing responsibility, including senior vice president, Business Development and Subsidiary Management, divisional vice president, Business Development and Subsidiary Management, and vice president of Corporate Transactions and Business Analysis. File is in portable document format (PDF). 1-877-812-1590, Pritzker meeting with Walgreens after backing off on abortion pill, Walgreens wont sell abortion pills in 20 states after warning, Walgreens cuts its stake in Option Care Health, Sponsored Content: Finalists named for 2023 Chicago ORBIE Awards, The Most Powerful Women In Chicago Business. Illinois Blue Cross parent Health Care Service Corp. names Maurice Most PDF readers are a free download. Maurice brings a broad perspective and deep understanding of the industry having held many senior financial management roles, including head of corporate transactions and investment strategies. Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. He succeeds Board of Trustees chair Patricia Harris, former chief global diversity officer of McDonald's Corporation. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Maurice Smith | Health Care Service Corporation [2] HCSC's membership was approximately 16 million at December 31, 2019. Smith began his career as an intern at HCSC in 1993. File is in portable document format (PDF). A potential contender for the permanent role is newly named HCSC President Maurice Smith, who has been with the . Currently working as President, Blue Cross and Blue Shield-Illinois at Hcsc in Illinois, United States. To view this file, you may need to install a PDF reader program. Alongside Blue University, HCSC has partnered with local universities where it operates to offer master's degree and certificate partnerships for employees. He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. best army base in germany is dr abraham wagner married is dr abraham wagner married President and Chief Executive Officer. As the largest customer-owned health insurance company in the U.S., HCSC serves over 17.6 million members, generates over $54 billion of annual revenue, and manages over $110 billion of medical spend annually. "On behalf of the entire Board of Directors, I am pleased that Maurice will lead HCSC at this critical time for the company and our country as we continue to work through the challenges of the COVID-19 pandemic," said David Lesar. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. Health Care Service Corporation Blue Cross and Blue Shield of Texas Parent HCSC Names Maurice Smith New About Health Care Service Corporation "There's a universal agreement that the way health insurance and health care overall currently operate is not sustainable," says Doniella Pliss, a director at insurance rater A.M. Best. Health Care Service Corp. has named a new chief executive with a three-decade history working for the company to lead the parent of Blue Cross and Blue Shield plans in five states. Abraham Lincoln Signed - Collectible Anywhere After three years at the helm, CEO Paula Steiner left the Chicago-based health insurance giant last monthfollowed by Chief Financial Officer Eric Feldstein. He brings a broad perspective and deep understand ing of the industry to his role from his 28 years of service with the company. Wed. 2021. Blue Cross and Blue Shield ofTexas(BCBSTX) the only statewide, customer-owned health insurer inTexas is the largest provider of health benefits in the state, working with nearly 80,000 physicians and health care practitioners, and 500 hospitals to serve 6 million members in all 254 counties. Smith began his career at HCSC in 1993 and has served in a wide variety of roles, including business development, corporate transactions and as President of Blue Cross and Blue Shield of Illinois. But Health Care Service has publicly said for years its not interested in becoming an investor-owned company even as its rivals like UnitedHealth Group, the Aetna unit of CVS Health, Anthem and Cigna get bigger through acquisitions. Maurice Smith - Savoy I am delighted to welcome him as chair," said Ali Malekzadeh, Roosevelt University president. HCSC, by contrast, has been more cautious on deal-making. HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. Crain's has learned Steiner clashed with HCSC directors over long-term growth plans at the nation's sixth-largest health insurer. Connect with intelligence [object Module] Products Web Platform Chrome Plugin API. Most PDF readers are a free download. Director at Federal Reserve Bank of Chicago - View - Federal Reserve Bank of Chicago org chart. President Emeritus Theodore "Ted" Gross (1988-2002) passed away at his home in Evanston, Illinois, on August 16, 2022. Health Care Service is a mutual insurer owned by policyholders. The board and I look forward to working with him and the rest of the HCSC team to ensure a continued success in simplifying the health care experience and helping people achieve their health care goals., Health Care Service Corp. CEO Maurice Smith. "Stephen has been instrumental in the company's ambitious growth strategy and . Chicago, IL 60601 Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. And to better control the cost and quality of medical care, it's opening 10 primary care clinics in Dallas and Houston next year. Reconciles incoming API dashboards, ensuring data is current and accurate. Click here to get the full experience on your screen. As president and CEO, Maurice Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. Blue Cross and Blue Shield of Montana is a division of HCSC, a . Maurice Smith. "This is a good example of proactive corporate governance and, frankly, you don't see that every day.". He has been a member of the Roosevelt Board of Trustees since 2017. Suite 3200 HCSC CEO Maurice Smith elected Chair of Roosevelt Board of Trustees, Leader of Illinois Hispanic Chamber of Commerce Joins Roosevelt Board of Trustees, Inaugural American Dream Award Presented to Three Student Leaders, Remembering Theodore "Ted" Gross, Fourth President of Roosevelt University, International Applicants and Foreign Degree Recipients. Get Hcsc company's verified contact number +1*****725, web address, revenue, total contacts 528, industry Healthcare, Pharmaceuticals, & Biotech and location at Adapt.io http://access.adobe.com. All Rights Reserved. Yet in 2015, Fitch Ratings assessed its financial strength still at 'A+' and gave it an 'A' for likelihood of default and senior unsecured rating. Maurice Smith is President and Chief Executive Officer of HCSC. HCSC was formerly known as Hospital Service Corporation and changed its name to Health Care Service Corporation in 1975. Steiner and Feldstein could not be reached for comment. Copyright Health Care Service Corporation. I write about healthcare business and policy, Park in Chicago, Illinois on June 24, 2017. Health Care Service Corporation is the countrys largest customer-owned health insurer and fifth largest health insurer overall, with nearly 16 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. May 05, 2020, 14:02 ET. For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. Elected CEO in June 2020 . Prasad will report to Maurice Smith, president and chief executive officer of HCSC, and will lead the organization's strategic efforts including long-term planning, business and corporate . He is a member of the Board of the Economic Club of . HCSC, which owns Blue Cross & Blue Shield plans in Illinois and four other states, has stayed out of the large-scale dealmaking that's reshaping health care in the U.S. 15% of HCSC employees are Hispanic or Latino. Blue Cross and Blue Shield of Oklahoma is a division of HCSC, a . HCSC Community Support Strategy Increases Focus on Social Barriers to Health CHICAGO, Jan. 10, 2023 /PRNewswire/ -- Health Care Service Corporation (HCSC) is realigning its community investments in 2023 into five newly redesigned strategic pillars to better support its umbrella mission of expanding access to care. To view this file, you may need to install a PDF reader program. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. Maurice Smith, who took the helm last June, got a 63 percent boost to $5.9 million, while longtime board Chairman Milton Carroll's pay jumped 81 percent to $8.9 million. Blue Cross & Blue Shield of Illinois recently opened the Blue Door Neighborhood Center in Pullman, which aims to connect residents with community resources. Thompson said the company doesnt plan any additional job cuts. 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HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. He will begin this new position immediately. You are leaving this website/app ("site"). Fertilizer giant slashes HQ space with move to Northbrook, Big Streeterville retail complex hits the market, Pritzker vows to keep Ken Griffin's pick for president out of the White House, ABC 7 promotes two anchors to replace Alan Krashesky. He has held . "Mauricehas deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront, and the opportunities we have now to advance our purpose, Lesar said in a statement. Arun Prasad Joins Health Care Service Corporation As Chief Strategy Officer Jan 2021 - Present2 years 3 months. http://access.adobe.com. During 2014 HCSC profits decreased "from medical losses and expenses associated with the company's aggressive addition of members sourced from ACA exchanges". Health Care Service Corporation, a Mutual Legal Reserve Company. Finch stated that "lack of geographic diversification has historically kept HCSC out of the 'AA' rating category and that HCSC would be downgraded if it were no longer to market itself as a Blues plan. Maurice Smith . All Rights Reserved. Blue Cross Blue Shield Building, home of Health Care Service Corp. as photographed from Maggie Daley [+] Park in Chicago, Illinois on June 24, 2017. Health Care Service is the parent of Blue Cross and Blue Shield plans in Illinois, Texas, Oklahoma, New Mexico and Montana. Maurice Smith is President and Chief Executive Officer (CEO) of Health Care Service Corporation (HCSC). Maurice Smith. Click here to get the full experience on your screen. Missing Crain's in print? I am honored to lead HCSC, a company that for more than 90 years has focused on innovation, execution and through the dedication of our nearly 24,000 employees helped expand access to quality, cost-effective health care to all Americans, said Maurice Smith. HCSC board member and former energy executive David Lesar is serving as interim CEO. This documentary-style series follows investigative journalists as they uncover the truth. Blue Cross parent top executive pay surges Northwestern doc studies He has held many senior financial management roles at HCSC, including head of corporate transactions and investment strategies. Copyright document.write(new Date().getFullYear()) Health Care Service Corporation. CHICAGO - Health Care Service Corporation (HCSC) announced today that its Board of Directors has named current president, Maurice Smith, as chief executive officer and president, effective June 1, 2020.At that time, David Lesar, will step down as the company's interim CEO; he will remain a member of the Board of Directors.

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