Smith began his career as an intern at HCSC in 1993. To view this file, you may need to install a PDF reader program. 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Health Care Service Corporation Names Maurice Smith New Chief Executive 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. Maurice Smith - Email, Phone - President, Blue Cross and Blue Shield 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. About Health Care Service Corporation 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. The company operates the Blue . 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. Throughout his nearly 28 years of service with HCSC, Smith also previously served as president of its Illinois health plan, where he was responsible for the overall financial performance, long-term growth strategy and strategic planning of Illinois' largest health insurance company. 100 Most Influential People in Healthcare - Maurice Smith Maurice Smith, who has been with the company [] Most PDF readers are a free download. This new site may be offered by a vendor or an independent third party. 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. Maurice Smith signed a 1 year, $850,000 contract with the Tennessee Titans, including an average annual salary of $850,000. 312.653.7581 Elected CEO in June 2020 . Former Blue Cross of Illinois CEO Maurice Smith is taking over as boss atthe state's largest health insurer's parent, Health Care Services Corp., the company announced today. 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. He also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. Other Adobe accessibility tools and information can be downloaded at Steiner's departure last year was reported to be the result of a clash with board members over strategy. 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 . greg_thompson@hcsc.net. Chicago, IL 60601 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. 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. May 05, 2020, 14:02 ET. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. 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 Corporation (Photo By Raymond Boyd/Getty Images). He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. "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. "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. Copyright Health Care Service Corporation. He has held . As competitors have pursued mergers and acquisitions, HCSC has mostly opted to invest in its existing markets and offerings. Maurice Smith | Health Care Service Corporation Smith holds a bachelor's degree in business administration from Roosevelt University and an MBA from Pepperdine University. Revenues last year totaled $38.6 billion, The harshest mayor's race in years is being fueled by unions and Citadel donors, Developers unveil plans to turn LaSalle Street offices into apartments, Fertilizer giant slashes HQ space with move to Northbrook, The inside story of how Chicago won the $250M Chan Zuckerberg Initiative biotech research lab. 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 . Now it needs a new CEO pronto. how to become a school board member in florida ocean deck band schedule 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. Between 2009 and 2013, HCSC's five-year average of return on capital was 10.5%. The numbers look even bigger when compared to CEO pay at HCSC's larger rivals. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. Blue Cross and Blue Shield of Montana Parent HCSC Names Maurice Smith maurice smith actor Los Angeles County, CA. Smith, 48, will succeed David Lesar, who was the interim CEO. For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. Revenues last year totaled $38.6 billion, making it the country's sixth-largest health . some sites may require you to agree to their terms of use and privacy policy. Smith's elevation wasn't a surprise. As CEO, Smith is responsible for the overall strategic direction of the company, including the organization's long-term growth strategy. This documentary-style series follows investigative journalists as they uncover the truth. Maurice joined HCSC nearly 27 years ago as an intern. 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. 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. President, HCSC. Find Maurice Smith's accurate email address and contact/phone number in Adapt.io. worldmark coral baja back building Among those taking the cue is UnitedHealth Group. 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. Behavioral health could be another opportunity for the insurer, he adds. maurice smith hcsc wife HCSC CEO Maurice Smith elected Chair of Roosevelt Board of Trustees Health Care Service Corporation, a Mutual Legal Reserve Company. At that time, David Lesar, will step down as the company's interim CEO; he will remain a member of the Board of Directors. Health Care Service Corporation (HCSC) is a member-owned health insurance company in the United States. 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 board member and former energy executive David Lesar is serving as interim CEO. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. HCSC was formerly known as Hospital Service Corporation and changed its name to Health Care Service Corporation in 1975. It's the dominant insurer in Illinois, Montana and Oklahomaand it's a close No. Health Care Service Corporation Names Maurice Smith New Chief Executive Chicago, IL 60601 Most PDF readers are a free download. 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. Chairperson: Maurice Smith - Prime Therapeutics LLC He will begin this new position immediately. Steiner and Feldstein could not be reached for comment. Stephen Harris Named Blue Cross and Blue Shield of Illinois - BCBSIL Blue Cross and Blue Shield of Texas is a division of HCSC, a Mutual . All Rights Reserved. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. Indiana State recruit Jailah Pelly put OFallon ahead to stay at 58-56 with a basket with 2:26 left in the second overtime. Other big insurers, meanwhile, have engineered multibillion-dollar transactions that obliterate traditional boundaries between insurers, pharmacies and doctors. Health Care Service Corporation, a Mutual Legal Reserve Company. 15% of HCSC employees are Hispanic or Latino. maurice smith hcsc wifehtml5 interactive animation. Other insurers are more aggressively hiring their own doctors or acquiring practices. Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Maurice Smith joined Blue Cross Blue Shield in 2021. 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. 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. Revenues last year totaled $38.6 billion, making it the country's sixth-largest health insurer. The site may also contain non-Medicare related information. 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. 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. Maurice Smith Contract Breakdowns, Salary Cap Figures, Salaries Suite 3200 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. How the coronavirus pandemic changes that equation, however, is challenging to predict. 400 employees to be cut from Blue Cross parent company: report A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. Here's why this giant health insurer is looking for a new CEO. 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. He has been a member of the Roosevelt Board of Trustees since 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. For more than a decade the insurer has partially owned pharmacy benefit manager Prime Therapeutics, along with other Blues plans. "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. Blue Cross and Blue Shield of Texas is a division of HCSC, a Mutual Legal Reserve Company, an independent licensee of the Blue Cross and Blue Shield Association. 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. maurice smith hcsc wife. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. Blue Cross and Blue Shield of Illinois is a division of HCSC, a . "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. "Roosevelt's focus to increase access to education for all has never been more important," said Smith. Improving the attack has been a focus for the Fire, who compiled 12 shutouts last year but missed the playoffs. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Blue Cross Blue Shield Building, home of Health Care Service Corp. as photographed from Maggie Daley [+] Park in Chicago, Illinois on June 24, 2017. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. 312.653.7581 Since that time, he worked in many functions at HCSC assuming increased responsibility, excelling in each position and demonstrating solid strategic leadership. 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. In this role, Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. Their struggles were hardly surprising, given the substantial changes in the roster coach Luke Richardson is working with. February 3, 2021. Maurice Smith Email & Phone Number - Health Car.. | ZoomInfo 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). Arun Prasad Joins Health Care Service Corporation As Chief Strategy Officer Im not a victim, baby, the comedian says, also commenting on Jada Pinkett Smith, trans people and selective outrage.. Some directors want the insurer to broaden its service capabilities as other large health insurers have done. 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. The Hawks failed to score in the last 59 minutes Saturday and suffered their fourth consecutive loss. Greg Thompson 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. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. The health care industry is facing a transition from fee-for-service to paying for value, Crains reported. Maurice Smith - The Economic Club of Chicago 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 executive officer and . Contract Terms: 1 yr(s) / $850,000 Signing Bonus - Health Care Service Corporation http://access.adobe.com. And to better control the cost and quality of medical care, it's opening 10 primary care clinics in Dallas and Houston next year. Others named Maurice Smith. "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," he said in a statement. Connect with intelligence [object Module] Products Web Platform Chrome Plugin API. Moving forward, HCSC will likely seek growth in Medicaid and Medicare Advantage, Akers says. This new site may be offered by a vendor or an independent third party. 130 E. Randolph St. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Maurice previously was President of HCSC's Illinois Plan, the state's largest health insurance company. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. He succeeds Board of Trustees chair Patricia Harris, former chief global diversity officer of McDonald's Corporation. 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. Jan 2021 - Present2 years 3 months. (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. 21. One option is Adobe Reader which has a built-in screen reader. Maurice Smith | Health Care Service Corporation - HCSC 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. 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. To view this file, you may need to install a PDF reader program. "Stephen has been instrumental in the company's ambitious growth strategy and . Currently working as President, Blue Cross and Blue Shield-Illinois at Hcsc in Illinois, United States. Other Adobe accessibility tools and information can be downloaded at Maurice Smith is President and Chief Executive Officer (CEO) of Health Care Service Corporation (HCSC). 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. 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. Under Steiner, the $36 billion-revenue company has focused on its local markets and financial performance. Will His AI Plans Be Any Different? The company also provides various care management and wellness resources. http://access.adobe.com. He is a member of the Board of the Economic Club of . 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. Click below to see everything we have to offer. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. One option is Adobe Reader which has a built-in screen reader. Blue Cross parent top executive pay surges Northwestern doc studies