Health Care Service is a mutual insurer owned by policyholders. Despite its diversity in other areas, HCSC employees are noticeably lacking in political diversity. Click here to get the full experience on your screen. He was most recently head of the treasury department and corporate development, overseeing strategic partnerships, mergers and acquisitions, including the takeover of Blue Cross and Blue Shield of Montana in 2013. HCSC may also be known as or be related to HCSC, Health Care Service, Health Care Service Corporation, HEALTH CARE SERVICE CORPORATION, Health Care Service Corporation Illinois State Pac, Nfp and Blue Cross And Blue Shield Of Illinois, Montana, New Mexico, Oklahoma We use innovative tools and approaches to help members get the most out of their plan benefits, as affordably as possible. His total compensation surged 172% to $16.9 million. Anthem reported $104.2 billion in revenue last year and Humana booked $64.9 billion, compared with $38.6 billion for HCSC. Help other job seekers by rating HCSC. The oldest company is The MetroHealth System, founded in 1837. . Companies likely established 2020 performance measures around the time COVID-19 hit, so they'll want to revisit their expectations, Canavan says, adding that "bonuses probably got paid out right before we were aware of how big of a deal this would be. The nation's sixth-largest health insurer cut "a few dozen" staffers late last yearfollowed by an additional 400 in Januaryand needs to step up growth to compete with rivals. Carroll's compensation is far more than nonexecutive board chairmen got at comparable publicly traded health insurers. The middle management roles will be eliminated to reduce organizational redundancy and improve decision-making efficiency, according to HCSC spokesman Greg Thompson in an email to the Chicago Sun-Times. A former president of Blue Cross Illinois, Smith has worked for HCSC for 27 years, starting as an intern. 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Board compensation at HCSC "is designed to attract and retain the most qualified business leaders with broad and diverse experience to provide strategic counsel and guidance in the dynamic and rapidly evolving health care industry," Thompson says. He will begin this new position immediately. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Stephanie Goldberg, Crain's Chicago Business, Clover Health settles shareholder lawsuit as delisting looms, States fighting scammers as Medicaid redeterminations resume, ESG: The Implementation Imperative Summit, More healthcare organizations at risk of credit default, Moody's says, Centene fills out senior executive team with new president, COO, SCAN, CareOregon plan to merge into the HealthRight Group, Blue Cross Blue Shield of Michigan unveils big push that lets physicians take on risk, reap rewards, Bright Health weighs reverse stock split as delisting looms. Maurice Smith, president of Blue Cross and Blue Shield of Illinois, was named president of HCSC. Opella . Missing Crain's in print? "Maurice has 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. HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. 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. But insurers will soon get bills for COVID-19 treatments. He said he will continue to work to expand access to quality, cost-effective health care. The nation's sixth-largest health insurer cut "a few dozen" staffers late last yearfollowed by an additional 400 in Januaryand needs to step up growth to compete with rivals. As hospitals and outpatient centers cancel elective surgeries due to COVID-19, insurers initially will have fewer medical claims to pay. The American Hospital Association and American Medical Association are among the 11 organizations signing the letter. Using a database of 30 million profiles, Zippia estimates demographics and statistics for HCSC. At that time, David Lesar, will step down as the company's interim CEO; he will remain a member of the Board of Directors. Employees at Change Healthcare earn more than most of the competitors, with an average yearly salary of $84,526. Revenue is also considered, but companies should be mindful that growth could result from higher prices, she says. He has an MBA from Pepperdine University and a bachelors degree from Roosevelt University. Other Adobe accessibility tools and information can be downloaded at 1 salaries for 1 jobs at Blue Cross Blue Shield of Illinois, Montana, New Mexico, Oklahoma & Texas | HCSC in San Jose, CA Area. CHICAGO, May 5, 2020 /PRNewswire/ -- Health Care Service Corporation (HCSC) announced today that its Board of Directors has named current president, Maurice Smith, as chief . Atwood was promoted to a new position at HCSC, the executive vice president of service and technology, to oversee IT and service delivery across the company's 14 million members in five states. Thompson says metrics at HCSC include "expanding access to coverage and efforts to help control the rise in medical costs for our members," in addition to market competitiveness and relevant peer data. Chairperson: Maurice Smith. Anthem chief Gail Boudreaux, a former HCSC executive, got $15.5 million, while Humana's Bruce Broussard received $16.7 million. For example, the company's longtime board chairman profits when there's a transition at the top. Board member David Lesar, who took over as interim CEO, pocketed $6.2 million; Maurice. The largest mutual insurer in the country, HCSC was created in 1975 through the merger of two Illinois Blue plans. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Since the late 1990s HCSC has been on a slow and steady growth path, acquiring and merging with other non-profit Blue Cross Blue Shield operations. Carroll collected $930,347 in 2018, after getting nearly $5 million in each of the two previous years as part of a deal to oversee the leadership transition when Steiner succeeded Hall. The health care industry is facing a transition from fee-for-service to paying for value, Crain's reported. HCSC and some other large insurers have agreed to cover certain patients' out-of-pocket costs for COVID-19 treatments, a move that could cost them money, unless they make it up in premium hikes. Altogether, Lesar and Steiner were paid about $25 million, not counting Steiner's severance pay. Meanwhile, HCSC recently cut hundreds of staffersmany of whom had senior manager and director titles. In an internal memo about the layoffs, HCSC President Maurice Smith told employees, "We made a number of changes to ensure we have the structure and resources to best serve our members now and into the future, Crain's reported. Maurice Smith is a President/CEO at Health Care Service Corporation; Board Member at VENTAS, INC.; and Board Member at ROOSEVELT . Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. Opportunities to be challenged and grow.. A working environment that embraces diversity!. 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. About Health Care Service Corporation Legislators have a chance at another one, and should pass a bill to find a private developer to revive the historic Hotel Florence. "Nobody is holding them accountable so, realistically, they can do whatever they want.". Blue Cross of Illinois parent company, Health Care Service Corp., announced Tuesday it will slash about 400 positions to ready itself for fast industry growth, according to reports. 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