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Maurice Smith. Companies are positioning themselves to become not only insurers but providers of services by building more efficient delivery systems that they can control, Pliss says. File is in portable document format (PDF). Health Care Service Corporation, a Mutual Legal Reserve Company. Other insurers are more aggressively hiring their own doctors or acquiring practices. Suite 3200 [2] HCSC's membership was approximately 16 million at December 31, 2019. He has an MBA from Pepperdine University and a bachelors degree from Roosevelt University. Maurice Smith . HCSC offers group life, disability, and dental policies, as well as a range of other individual policies. This new site may be offered by a vendor or an independent third party. President Emeritus Theodore "Ted" Gross (1988-2002) passed away at his home in Evanston, Illinois, on August 16, 2022. Jean-pierre Yvaral - $1500.00. 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. Click here to get the full experience on your screen. About Health Care Service Corporation Maurice was Chairman of the Board for Dearborn National Life Insurance. Blue Cross and Blue Shield of Montana is a division of HCSC, a . Still, HCSC directors worried the company wasn't building the heft and capabilities to keep pace with larger competitors and marketplace changes. "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. To view this file, you may need to install a PDF reader program. 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. Moving forward, HCSC will likely seek growth in Medicaid and Medicare Advantage, Akers says. 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.. 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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. 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 . 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. 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. The average employee at HCSC makes $58,172 per year. All Rights Reserved. President, HCSC. Jan 2021 - Present2 years 3 months. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . "As a leader in healthcare, Maurice brings significant experience and insight to the Ventas Board," said Debra A. Cafaro, Ventas Chairman and . See Maurice S Smith's compensation, career history, education, & memberships. Maurice Smith is President and Chief Executive Officer (CEO) of Health Care Service Corporation (HCSC). Maurice Smith is currently. Jul. One option is Adobe Reader which has a built-in screen reader. 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. 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. This new site may be offered by a vendor or an independent third party. 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. Get Hcsc company's verified contact number +1*****725, web address, revenue, total contacts 528, industry Healthcare, Pharmaceuticals, & Biotech and location at Adapt.io HCSC board member and former energy executive David Lesar is serving as interim CEO. Maurice Smith President at Maurice Smith Productions . Im not a victim, baby, the comedian says, also commenting on Jada Pinkett Smith, trans people and selective outrage.. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. The site may also contain non-Medicare related information. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Opinions expressed by Forbes Contributors are their own. 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. One option is Adobe Reader which has a built-in screen reader. Maurice previously was President of HCSC's Illinois Plan, the state's largest health insurance company. He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. 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. 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. Other Adobe accessibility tools and information can be downloaded at In this role, Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. Meanwhile, last year was a banner year for HCSC. I write about healthcare business and policy, Park in Chicago, Illinois on June 24, 2017. As competitors have pursued mergers and acquisitions, HCSC has mostly opted to invest in its existing markets and offerings. 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. 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. 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. 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). University of Chicago. HCSC is the country's largest customer-owned health insurer, with nearly 17 million members across its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. HCSC employees are most likely to be members of the democratic party. He has held . best army base in germany is dr abraham wagner married is dr abraham wagner married As of 2019, it was noted to be the third-largest commercial health insurer in the United States [1] It serves nearly 16 million members. "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. "This is a good example of proactive corporate governance and, frankly, you don't see that every day.". Smith, 48, who has been with HCSC for nearly 27 years and joined as an intern, will become HCSC CEO effective June 1. 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. 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. Improving the attack has been a focus for the Fire, who compiled 12 shutouts last year but missed the playoffs. Health Care Service Corporation (HCSC) is a member-owned health insurance company in the United States. BCBSTX is a Division of Health Care Service Corporation (which operates Blue Cross and Blue Shield plans inTexas,Illinois,Montana,OklahomaandNew Mexico), the country's largest customer-owned health insurer and fourth largest health insurer overall.