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. With 16 million members, HCSC's revenue increased 10 percent to $35.9 billion last year. Blue Cross & Blue Shield of Illinois recently opened the Blue Door Neighborhood Center in Pullman, which aims to connect residents with community resources. "On behalf of the entire Board of Directors, I am pleased that . 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. [7] Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Smith holds a bachelor's degree in business administration from Roosevelt University and an MBA from Pepperdine University. HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. "Maurice is an accomplished leader with a long track record of innovation. Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. He was promoted last year to president of HCSC after the departure of then-CEO Paula Steiner. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, President/CEO, 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. maurice smith actor Los Angeles County, CA. [2], HCSC's membership was approximately 16 million as of December 31, 2019. 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. Humana, for its part, has opened clinicssome inside Walgreens storeswhile doubling down on Medicare Advantage business. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The . You are leaving this website/app ("site"). Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. Wed. 2021. Maurice Smith Owner, PMI, Inc Scottsdale, AZ. One option is Adobe Reader which has a built-in screen reader. 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. Jim Connor, chairman and CEO of Duke Realty Corporation, was elected to serve as Board of Trustees vice chair. The site may also contain non-Medicare related information. Among those taking the cue is UnitedHealth Group. As president, Maurice Smith is responsible for overall strategic direction of the company including the organizations long-term growth strategy. Steiner and Feldstein could not be reached for comment. He holds an MBA from Pepperdine University and a bachelors degree in business administration from Roosevelt University. Suite 3200 . As competitors have pursued mergers and acquisitions, HCSC has mostly opted to invest in its existing markets and offerings. 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A potential contender for the permanent role is newly named HCSC President Maurice Smith, who has been with the . Blue Cross and Blue Shield of Oklahoma is a division of HCSC, a . File is in portable document format (PDF). Currently working as President, Blue Cross and Blue Shield-Illinois at Hcsc in Illinois, United States. As president and CEO, Maurice Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. 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. 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 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.. greg_thompson@hcsc.net, A Division of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association. I am delighted to welcome him as chair," said Ali Malekzadeh, Roosevelt University president. 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. 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. Bulking up has helped larger payers create economies of scale and expand capabilities as the health care landscape shifts. 2023, Roosevelt University, All Rights Reserved. Health Care Service is the parent of Blue Cross and Blue Shield plans in Illinois, Texas, Oklahoma, New Mexico and Montana. Health insurers in the short term are profiting from an unexpected reprieve in paying claims tied to elective surgeries, which for weeks have been postponed to cope with the crisis. A boardroom dispute over strategy leaves Health Care Service Corp. in limboat a time of convulsive change in health care. President and Chief Executive Officer. Aetna, for example, combined with CVS Health 18 months ago to combine leading insurance and pharmacy offerings. Other Adobe accessibility tools and information can be downloaded at 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. Blue Cross and Blue Shield of New Mexico is a division of HCSC, a . As of 2015[update] HCSC's operations are concentrated in Illinois and Texas, which accounted for 84% of total revenue through the first nine months of 2014, followed by Oklahoma (9% of revenue). S Maurice Smith earned $918,091 in his NFL career. Blue Cross and Blue Shield of Texas is a division of HCSC, a Mutual . Smith was named CEO of HCSC in 2020, when he was also recognized as one of Modern Healthcare's 100 Most Influential People in Healthcare. "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. Copyright Health Care Service Corporation. 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. 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's elevation wasn't a surprise. 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 . 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. How the coronavirus pandemic changes that equation, however, is challenging to predict. Career. 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. Maurice Smith President at Maurice Smith Productions . By Posted split sql output into multiple files In tribute to a mother in twi 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. 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. In this role, Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. Health Care Service Corporation is a Mutual Legal Reserve Company and an Independent Licensee of the Blue Cross and Blue Shield Association. houseboat netherlands / brigada pagbasa 2021 memo region 5 / maurice smith hcsc wife. He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. This new site may be offered by a vendor or an independent third party. Most PDF readers are a free download. Maurice was Chairman of the Board for Dearborn National Life Insurance. He succeeds Board of Trustees chair Patricia Harris, former chief global diversity officer of McDonald's Corporation. At that time, David Lesar, will step down as the company's interim CEO; he will remain a member of the Board of Directors. HCSC is the largest customer-owned health insurer in the United States, covering over 16 million members across its Blue Cross and Blue Shield health plans in . 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.. 11% of HCSC employees are Black or African American. File is in portable document format (PDF). But, over the next few years, covering the cost of care for those who continue to fall sick while the country works toward a vaccine and more effective therapies will be added to the surgeries and routine care that now are slowly returning. Some directors want the insurer to broaden its service capabilities as other large health insurers have done. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . All Rights Reserved. File is in portable document format (PDF). Musk Made a Mess at Twitter. The independently released project covers an Al Green classic entitled, "Simply Beautiful", which Maurice manages to add his own unique flavor to; thus, opening a whole new generation to the already timeless song. greg_thompson@hcsc.net. 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.
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