Chicago, IL 60601 Staying current is easy with Crain's news delivered straight to your inbox, free of charge. 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. Find Maurice Smith's accurate email address and contact/phone number in Adapt.io. Civic and business leader Jaime di Paulo, President and CEO of the Illinois Hispanic Chamber of Commerce (IHCC), was voted into the Roosevelt University Board of Trustees at the December board meeting. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. some sites may require you to agree to their terms of use and privacy policy. Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. As president and CEO, Maurice Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. Maurice joined HCSC nearly 27 years ago as an intern. This new site may be offered by a vendor or an independent third party. 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. Roosevelt University is a national leader in educating socially conscious citizens for active and dedicated lives as leaders in their professions and their communities. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. Career. 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, Smith said in a statement. Maurice Smith, who is 48 years old, will become chief executive officer and president of Health Care Service effective June 1 when he will replace interim CEO David Lesar who will remain a member of the companys board of directors, the insurer said Tuesday. Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. Smith most recently was president of Blue Cross and Blue Shield of Illinois, the largest of HCSCs health plans, where he was responsible for the overall strategic direction for Illinois health plan including the organization's long-term growth strategy, planning and performance.. President and Chief Executive Officer at HCSC - View - HCSC org chart. By Posted split sql output into multiple files In tribute to a mother in twi In general, to best serve our customers now and into the future of the rapidly changing health care landscape, we are rebalancing our resources to meet the diverse needs of our customers, provider partners and other stakeholders, the email said. The nation's biggest health insurance company paid $13 billion for pharmacy benefit manager Catamaran in 2015 and spent additional billions acquiring physicians groups, including the $4.3 billion purchase of DaVita Medical Group in June. All Rights Reserved. As of 2014[update], HCSC was the country's largest nonpublic health insurer and the fifth-largest health insurer overall, with more than 16 million members. Chicago, IL 60601 2 in New Mexico and Texas, according to data compiled by the Kaiser Family Foundation. "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," Lesar said in the same statement. Maurice Smith - The Economic Club of Chicago A boardroom dispute over strategy leaves Health Care Service Corp. in limboat a time of convulsive change in health care. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. Maurice Smith is currently. Such strategies will be tested in the future as the health care system continues to grapple with the spread of the coronavirus strain COVID-19 and high unemployment that is expected to disrupt health insurance coverage for many. 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. As president, Maurice Smith is responsible for overall strategic direction of the company including the organizations long-term growth strategy. He succeeds Board of Trustees chair Patricia Harris, former chief global diversity officer of McDonald's Corporation. [3], Learn how and when to remove this template message, "10 biggest health plans by number of members", "Fitch Affirms Health Care Service Corporation's Ratings", "Health Care Service Corp., parent company of Blue Cross Blue Shield of Illinois, is eliminating 400 jobs", "Health Care Service Corp. sheds hundreds of workers", "HCSC launches new employee education program: Blue University", "Blue Cross parent boosts profit in second quarter", https://en.wikipedia.org/w/index.php?title=Health_Care_Service_Corporation&oldid=1136121535, Maurice Smith, CEO; Milton Carroll, Chairman; Maurice Smith, President of HCSC, This page was last edited on 28 January 2023, at 21:12. 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. The site may also contain non-Medicare related information. The most common ethnicity at HCSC is White (60%). One option is Adobe Reader which has a built-in screen reader. All Rights Reserved. As of 2019, it was noted to be the third-largest . 2023, Roosevelt University, All Rights Reserved. The company has about 24,000 current employees and is expected to add about 1,000 new jobs in customer and provider service, technology and digital capabilities this year, according to Thompson. 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. The insurer says it expects 16 percent growth in the lucrative, fast-growing segment this year. And Anthem this year launched its own pharmacy benefit manager, IngenioRx. 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. Other Adobe accessibility tools and information can be downloaded at This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Health Care Service Corporation, a Mutual Legal Reserve Company. The numbers look even bigger when compared to CEO pay at HCSC's larger rivals. Health Care Service Corporation (HCSC), the nation's largest customer-owned health insurer, today announced the departure of President and CEO Paula Steiner, who led the organization since 2016. Jul. 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. 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. Big Blue Cross Insurer Taps New CEO - Forbes Maurice S Smith is President/CEO at Health Care Service Corporation. The company's next largest state in terms of premiums is Oklahoma, accounting for approximately 9% of premium. He was promoted last year to president of HCSC after the departure of then-CEO Paula Steiner. As of May 1, 2019, HCSC announced an in-house educational program aimed at developing the skills of its employees, dubbed Blue University. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Between 2009 and 2013, HCSC's five-year average of return on capital was 10.5%. Results are expected to moderate somewhat during the second half of 2018 as policyholders exhaust their deductibles and HCSC pays a greater percentage of claims. The company operates the Blue . Click here to get the full experience on your screen. worldmark coral baja back building (Photo By Raymond Boyd/Getty Images), Big Jumps In Diversity Fuel Surge In U.S. Tennis Participation Since 2020, Walgreens-Backed VillageMD Buys 30-Location Physician Group In Connecticut, Banning Abortion Pill Mifepristone Would Set A Dangerous Precedent For The Politicization Of Public Health, Ukraine Wars Toll Of Death, Destruction, Displacement, And Trauma: Fresh Evidence Of Systematic Planning Of Torture Leaves Behind An Indelible Mark, Walmart To Double Health Clinic Footprint As Amazon And Rivals Buy Doctor Offices, Covid-19s Enormous Death Toll: Worldwide Life Expectancy Has Experienced A Steep Decline, Questions Scientists Should Now Explore With Respect To Covid-19, Sustainable Development A Smart Solution for Africa and the Middle East. HCSC employees are most likely to be members of the democratic party. Prior to being named president of HCSC, Maurice was president of Blue Cross and Blue Shield of Illinois where he was responsible for the overall strategic direction for Illinois health plan including the organization's long-term growth strategy, planning and performance. Smith began his career as an intern at HCSC in 1993. You are leaving this website/app ("site"). With 16 million members, HCSC's revenue increased 10 percent to $35.9 billion last year. Most PDF readers are a free download. Click below to see everything we have to offer. University of Chicago. You are leaving this website/app ("site"). You are leaving this website/app ("site"). Click below to see everything we have to offer. Board members had grown frustrated with Steiner's relatively cautious expansion strategy amid rapid industry consolidation. 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. He holds an MBA from Pepperdine University and a bachelors degree in business administration from Roosevelt University. Moving forward, HCSC will likely seek growth in Medicaid and Medicare Advantage, Akers says. 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.. Maurice Smith - Greater Chicago Area | Professional Profile - LinkedIn He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. Humana, for its part, has opened clinicssome inside Walgreens storeswhile doubling down on Medicare Advantage business. Maurice joined HCSC nearly 27 years ago as an intern. Health Care Service Corporation Names Maurice Smith New Chief Executive Health Care Service Corporation Names Maurice Smith New Chief - HCSC Health Care Service Corporation Maurice Smith President and CEO, Health Care Service Corp. Tweet Share Share Email More. 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. Roosevelt University alum Maurice Smith, President and Chief Executive Officer of Health Care Service Corporation (HCSC), has been named chair of the Roosevelt University Board of Trustees. 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. Greg Thompson 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. . On average, employees at HCSC stay with the company for 5.9 years. Indiana State recruit Jailah Pelly put OFallon ahead to stay at 58-56 with a basket with 2:26 left in the second overtime. Health Care Services Corp. CEO Maurice Smith. some sites may require you to agree to their terms of use and privacy policy. 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. Blue Cross parent Health Care Service Corp. exec pay goes underreported Ventas appoints Maurice Smith, CEO of HCSC, to board of directors Contract Terms: 1 yr(s) / $850,000 Signing Bonus - http://access.adobe.com. Maurice Smith joined Blue Cross Blue Shield in 2021. For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. Health Care Service Corporation - Overview, News - ZoomInfo "I look forward to working closely with the university's committed leadership, faculty, staff, and students to build on Roosevelt's history of advancing the social justice mission through education and knowledge.". Among those taking the cue is UnitedHealth Group. Health Care Service is the nations fifth-largest health insurer with nearly 16 million health plan members. PDF EWSolutions Data Governance, Metadata Management, Unstructured Data HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. 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. 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. 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. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Solutions Sales Marketing. He brings a broad perspective and deep understand ing of the industry to his role from his 28 years of service with the company. He has . "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. Get Hcsc company's verified contact number +1*****725, web address, revenue, total contacts 528, industry Healthcare, Pharmaceuticals, & Biotech and location at Adapt.io This documentary-style series follows investigative journalists as they uncover the truth. An income tax benefit related to the enactment of the Tax Cuts and Jobs Act equal to $833 million contributed to the sizeable ROC ratio during the first half of 2018. 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. 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. Click here to get the full experience on your screen. He also served as the chairman of the board of directors for DearbornLife Insurance Company, a subsidiary of HCSC. CHICAGO Blue Cross and Shield of Illinois (BCBSIL), a division of Health Care Service Corporation (HCSC), today announced Stephen Harris has been named the new Illinois president.Stephen will succeed Steve Hamman, who has left the company to pursue new endeavors.
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