Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 05, 2015 9:19 AM ET

Insurance

Company Overview of Health Care Service Corporation

Company Overview

Health Care Service Corporation, through its subsidiaries, provides health and life insurance products and related services to member customers primarily in Illinois, Montana, New Mexico, Oklahoma, and Texas. The company offers group life, disability, and dental solutions; and a range of other individual solutions comprising worksite and voluntary products. It also provides care management and wellness resources through Blue Care Connection, a program created to help members and their covered family members to reach their health and wellness goals; and facilitates members to access the company’s member Website for their health plan information, tools, and other online services. Its customers...

300 East Randolph Street

Chicago, IL 60601

United States

Founded in 1936

Phone:

312-653-6000

Fax:

312-938-4209

Key Executives for Health Care Service Corporation

Chief Executive Officer and President
Age: 62
Chief Financial Officer and Senior Vice President
Executive Vice President and President of Plan Operations
President of Blue Cross and Blue Shield of Texas
Age: 60
President of Blue Cross and Blue Shield of New Mexico
Compensation as of Fiscal Year 2015.

Health Care Service Corporation Key Developments

Health Care Service Corporation Announces Several Enhancements to its Blue Directions Private Exchange Solution for Large Employers

Health Care Service Corporation announced several enhancements to its Blue Directions private exchange solution for large employers, available now for the upcoming 2016 benefit plan year. The solution's enhanced features include a new 'Pick-a-Plan' option that lets employers build a plan package from a comprehensive portfolio of designs and transparency tools to help consumers better understand their health care options and compare costs. HCSC's Blue Directions solution brings many of the same features of online shopping to the selection of employer-sponsored benefits. This convenient, user-friendly platform helps employers easily select benefit plans, manage enrollment, anticipate expenditures and customize contribution strategies. Based on a defined contribution strategy, Blue Directions allows employers to commit a flat-dollar amount of money to each employee for coverage. The employee can then use this amount toward the purchase of benefits unique to their needs. In addition to start-to-finish enrollment support, the new Blue Directions features include: Pick-a-Plan: For 2016, employers can build their own plan package from a comprehensive portfolio of broad and narrow PPOs, High Deductible Health Plans as well as HMOs and EPOs where they are available. Employees can compare these plans side-by-side and filter them by network, deductible and premium to find a plan that fits their unique needs. Employees will see exactly how much their employer will contribute and what their out-of-pocket maximums will be; Benefits Value Advisor (BVA): Specially trained customer service advocates who use proprietary tools to provide members assistance in understanding benefits, scheduling doctor visits, and finding in-network doctors. In an HCSC study, members who acted on a BVA recommendation saw an average savings of approximately $2,000 per claim; Primary Nurse: The Primary Nurse model helps members with complex medical conditions better understand and manage their unique health care needs; Decision Support: Members can create a custom profile through the online employee decision tool during enrollment to help them determine the plan that best suits their needs. Members can also call the Blue Directions help center for 24/7 support during the enrollment process to address their questions.

Carl McDonald Joins Health Care Service Corporation as Divisional Senior Vice President, Treasury and Business Development

Health Care Service Corporation (HCSC) announced that Carl McDonald has joined the company as divisional senior vice president, treasury, investments and business development. In this new role, McDonald will report to Kenneth Avner, senior vice president and chief financial officer, and have responsibility for managing/overseeing HCSC's treasury, investments and business development operations. McDonald comes to HCSC from Citigroup, where he most recently served as an equity research analyst, tracking and analyzing the health insurance industry. Institutional Investor magazine ranked him one of the top industry analysts in its All America Research survey.

Robert Imes Joins Health Care Service Corporation as Vice President for Health Care Policy in Washington D.C

Health Care Service Corporation announced that Robert Imes will join the company as vice president for health care policy in Washington D.C. Imes joined HCSC on September 29, 2014 reporting to Theresa Doyle, divisional senior vice president and chief government relations officer, HCSC. In his new role, Imes is responsible for supporting HCSC's public policy, legislative affairs and compliance activities. Imes joins HCSC from the Department of Health and Human Services (HHS), Centers for Medicare and Medicaid Services (CMS), Center for Consumer Information and Insurance Oversight (CCIIO), Washington, D.C. where he was CCIIO's acting associate deputy director for policy and regulations, as well as acting director of the agency's oversight group.

Similar Private Companies By Industry

Company Name Region
Oswego Valley Insurance Agencies, LLC United States
American Family Life Assurance Company of New York United States
Endeavour Insurance Company United States
Milne & Company Insurance, Inc. United States
O'Neil Financial Services Agency, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Health Care Service Corporation, please visit www.hcsc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.