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March 26, 2015 7:48 PM ET

Healthcare Providers and Services

Company Overview of BCBSM, Inc.

Company Overview

BCBSM, Inc., doing business as Blue Cross and Blue Shield of Minnesota, provides health plans in the United States. Its products include individual and family health plans, Medicare plans, Minnesota Health Care Programs, employee group plans, and nationwide coverage for Minnesota-based employers. BCBSM, Inc. was founded in 1933 and is based in Eagan, Minnesota with additional offices in Aurora, Duluth, Mankato, Moorhead, Rochester, and St. Cloud, Minnesota; and Virginia.

3535 Blue Cross Road

Eagan, MN 55122-1154

United States

Founded in 1933

Phone:

651-662-8000

Fax:

651-662-2683

Key Executives for BCBSM, Inc.

Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Senior Vice President of Government Programs and Chief Executive Officer of Comprehensive Managed Care
Senior Vice President of Marketing, Public & Health Affairs, Chief Executive Officer of Blue Plus and President of Blue Plus
Chief Information Officer and Senior Vice President of Operations
Compensation as of Fiscal Year 2014.

BCBSM, Inc. Key Developments

Blue Cross and Blue Shield of Minnesota to Open Retail Store in Edina

Blue Cross and Blue Shield of Minnesota said its retail store will open Nov. 8, across the street from Southdale Center in Edina. Blue Cross officials said the store is intended to be a place where people can receive face-to-face help ranging from personalized service and claims support for their Blue Cross health plan to free wellness and how-to seminars. The store will be located in the Yorkdale Shoppes mall on York Ave.

Blue Cross and Blue Shield of Minnesota Announces Plans for First Retail Store

Blue Cross and Blue Shield of Minnesota is making shopping for health insurance even more personalized by opening the state’s first retail store operated by a Minnesota-based health insurer. The company has signed a multi-year lease to operate a 3,500 square-foot space in the Yorkdale Shoppes mall on York Ave. in Edina, Minn. The store will be in Minnesota, offering both individual consumers and Medicare enrollees face-to-face sales and service support direct from Blue Cross employees. Remodeling of the Blue Cross location, formerly occupied by Christopher & Banks, will start in September. A modern and welcoming interior design will feature a reception check-in desk, private offices for personalized consultations, and a community gathering space for informational sessions and health and wellness activities. A grand opening date will be announced in the coming weeks. The store is slated to remain open year-round. Throughout the year, consumers will have in-person opportunities for learning more about how a Blue Cross plan can best meet their particular needs. Additionally, Blue Cross members will have the added option of making direct payments for their coverage or speaking with store staff to answer questions and provide guidance on various plan benefits, such as health assessments and screenings. Walk-in hours will be Mondays through Fridays from 9 a.m. to 7 p.m. and Saturdays from 9 a.m. to 3 p.m. Appointment scheduling also will be available.

Blue Cross and Blue Shield of Minnesota Announces Audited Consolidated Earnings Results for the Year 2013

Blue Cross and Blue Shield of Minnesota announced audited consolidated earnings results for the year 2013. The company closed out the year with net income of $48 million, reflecting positive investment portfolio performance and additional sources of income that offset slight operational losses. The organization reported a net operating loss of $29 million on full-year revenues of $10 billion, for a negative operating margin of three-tenths of 1% (0.3%).

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