Jean-pierre Yvaral - $1500.00. File is in portable document format (PDF). 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. "There's a universal agreement that the way health insurance and health care overall currently operate is not sustainable," says Doniella Pliss, a director at insurance rater A.M. Best. President and Chief Executive Officer. 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. 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. Blue Cross and Blue Shield of Illinois is a division of HCSC, a . Other Adobe accessibility tools and information can be downloaded at Smith holds a bachelor's degree in business administration from Roosevelt University and an MBA from Pepperdine University. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . 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. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. 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. Career. Most PDF readers are a free download. Hcsc Company Contact Information | Email, Phone Number | Adapt.io Opinions expressed by Forbes Contributors are their own. Click below to see everything we have to offer. As CEO, Smith is responsible for the overall strategic direction of the company, including the organization's long-term growth strategy. To view this file, you may need to install a PDF reader program. (Photo By Raymond Boyd/Getty Images). S Maurice Smith earned $918,091 in his NFL career. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. 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. 100 Most Influential People in Healthcare - Maurice Smith [6] Blue University will focus on a number of topics such as healthcare management, leadership, marketing and sales, technology, and service delivery to name a few. Maurice Smith named CEO of Blue Cross owner - Chicago Sun-Times 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. Revenues last year totaled $38.6 billion, making it the country's sixth-largest health insurer. "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. As president and CEO, Maurice Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. He has an MBA from Pepperdine University and a bachelors degree from Roosevelt University. 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. "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. 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 Blue Shield Building, home of Health Care Service Corp. as photographed from Maggie Daley [+] Park in Chicago, Illinois on June 24, 2017. Sources identified him then as a contender for the top job, which has been held in the meantime by interim CEO David Lesar, who now will return to his previous role as a board member. Chicago, IL 60601 Throughout his nearly 27 years of service with HCSC, he also has previously served as president of Blue Cross and Blue Shield of Illinois where he was responsible for the . Maurice Smith. About Health Care Service Corporation Jan 2021 - Present2 years 3 months. Director at Federal Reserve Bank of Chicago - View - Federal Reserve Bank of Chicago org chart. Maurice previously was President of HCSC's Illinois Plan, the state's largest health insurance company. "I also want to thank outgoing chair Patricia Harris for her dedication to strengthening our institution, especially through the pandemic.". Maurice S Smith is President/CEO at Health Care Service Corporation. 130 E. Randolph St. In 2021, under Smith's leadership, HCSC announced its biggest expansion in Medicare Advantage. In this role, Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. Since that time, he worked in many functions at HCSC assuming increased responsibility, excelling in each position and demonstrating solid strategic leadership. 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). 312.653.7581 It's clear, Pliss adds, that HCSC's focus has been, "What's valuable for our members today, rather than what's going to be valuable for the market three years from now?". HCSC board member and former energy executive David Lesar is serving as interim CEO. Health Care Service is the nations fifth-largest health insurer with nearly 16 million health plan members. Alongside Blue University, HCSC has partnered with local universities where it operates to offer master's degree and certificate partnerships for employees. Maurice previously was President of HCSC's Illinois Plan, the states largest health insurance company. There has been some speculation that it could become a part of Anthem, an investor-owned publicly traded operator of Blue Cross and Blue Shield plans in 14 states. With 16 million members, HCSC's revenue increased 10 percent to $35.9 billion last year. some sites may require you to agree to their terms of use and privacy policy. Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Health Care Service Corporation Names Maurice Smith New Chief - HCSC The Hawks failed to score in the last 59 minutes Saturday and suffered their fourth consecutive loss. In addition, some sites may require you to agree to their terms of use and privacy policy. Missing Crain's in print? 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. He also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. HCSC declined to make someone available for an interview. He has held . All Rights Reserved. Steiner and Feldstein could not be reached for comment. Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance 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. Moving forward, HCSC will likely seek growth in Medicaid and Medicare Advantage, Akers says. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Contract Terms: 1 yr(s) / $850,000 Signing Bonus - Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Abraham Lincoln Signed - Collectible Anywhere Health Care Service Corporation Announces Leadership Changes Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors 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. Most PDF readers are a free download. 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Jim Connor, chairman and CEO of Duke Realty Corporation, was elected to serve as Board of Trustees vice chair. Other insurers are more aggressively hiring their own doctors or acquiring practices. Stephen Harris Named Blue Cross and Blue Shield of Illinois - BCBSIL 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 . Between 2009 and 2013, HCSC's five-year average of return on capital was 10.5%. Health Care Service Corporation, a Mutual Legal Reserve Company. Click here to get the full experience on your screen. The health care industry is facing a transition from fee-for-service to paying for value, Crains reported. Crain's has learned Steiner clashed with HCSC directors over long-term growth plans at the nation's sixth-largest health insurer. 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. Health Care Service is a mutual insurer owned by policyholders. Blue Cross parent top executive pay surges Northwestern doc studies Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. 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. Musk Made a Mess at Twitter. Acquiring additional health plans requires an enterprise data strategy 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? 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. Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors All Rights Reserved. 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. Steiner's departure last year was reported to be the result of a clash with board members over strategy. Health Care Service Corporation - Overview, News - ZoomInfo Jean-pierre Yvaral Abraham Lincoln Ltd D Serigraph Hand Signed Loa. He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. Roosevelt University is a national leader in educating socially conscious citizens for active and dedicated lives as leaders in their professions and their communities. 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. maurice smith hcsc wifehtml5 interactive animation. Under pressure to reduce health care costs and improve outcomes for members, HCSC's rivals have found creative ways to get closer to patients. Reconciles incoming API dashboards, ensuring data is current and accurate. "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. 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. some sites may require you to agree to their terms of use and privacy policy. Maurice Smith - The Economic Club of Chicago Maurice Smith - Savoy http://access.adobe.com. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. 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. Other big insurers, meanwhile, have engineered multibillion-dollar transactions that obliterate traditional boundaries between insurers, pharmacies and doctors. Chairperson: Maurice Smith. File is in portable document format (PDF). 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. [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. Roosevelt University students Sophia Gallo, Nazarii Mykhailenko and Rachelle Vinson were presented the American Dream Award, a scholarship sponsored by BlueCross BlueShield of Illinois, on October 17. The site may also contain non-Medicare related information. 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. 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. Maurice Smith Email & Phone Number - Health Car.. | ZoomInfo For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. 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. [2], HCSC's membership was approximately 16 million as of December 31, 2019. 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. Smith wasn't made available for an interview. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. "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. worldmark coral baja back building
