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June 02, 2015 7:08 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 Announces Executive and Management Changes

Blue Cross and Blue Shield of Minnesota (Blue Cross) announced that Jay Matushak has joined the organization as senior vice president, chief financial officer (CFO). Blue Cross also announced the appointment of former CFO Jamison (Jamie) Rice to the newly created role of senior vice president, chief transformation officer.

Blue Cross and Blue Shield of Minnesota Reports Audited Earnings Results for the Full Year of 2014

Blue Cross and Blue Shield of Minnesota reported audited earnings results for the full year of 2014. The company announced audited financial results for 2014. The company closed out the year with net income of $61.5 million, reflecting positive investment portfolio performance that offset slight operational losses. The organization reported a net operating loss of $8.2 million on full year revenues of $10.1 billion, for a negative operating margin of 0.1%.

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.

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