February 3, 2021. Jim Connor, chairman and CEO of Duke Realty Corporation, was elected to serve as Board of Trustees vice chair. 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. As CEO, Smith is responsible for the overall strategic direction of the company, including the organization's long-term growth strategy. 400 employees to be cut from Blue Cross parent company: report About Yvaral Jean-pierre Vasarely (19342002), Professionally Known As Yvaral, Was A French Artist Working In The Fields Of Op-art And Kinetic Art From 1954 Onwards. Blue Cross and Blue Shield of Montana Parent HCSC Names Maurice Smith "As a leader in healthcare, Maurice brings significant experience and insight to the Ventas Board," said Debra A. Cafaro, Ventas Chairman and . "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. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. Maurice Smith | Health Care Service Corporation - HCSC This new site may be offered by a vendor or an independent third party. Maurice Smith. Crains Chicago Business reported that the layoffs come a month after HCSC got rid of a few dozen middle management jobs and six months after CEO Paula Steiner left the company. 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 Company Contact Information | Email, Phone Number | Adapt.io Chicago, IL 60601 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. Smith most recently was president of Blue Cross and Blue Shield of Illinois, the largest of HCSCs health plans, 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 company has about 24,000 current employees and is expected to add about 1,000 new jobs in customer and provider service, technology and digital capabilities this year, according to Thompson. Maurice Smith - The Economic Club of Chicago 11% of HCSC employees are Black or African American. To view this file, you may need to install a PDF reader program. All Rights Reserved. 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. On average, employees at HCSC stay with the company for 5.9 years. Health Care Service Corporation, a Mutual Legal Reserve Company. 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., This is a BETA experience. Jean-pierre Yvaral Abraham Lincoln Ltd D Serigraph Hand Signed Loa. Chairperson: Maurice Smith - Prime Therapeutics LLC 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. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. Click here to get the full experience on your screen. 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 . some sites may require you to agree to their terms of use and privacy policy. E-mail oureditor 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. Blue Cross parent top executive pay surges Northwestern doc studies Throughout his nearly 27 years of service with HCSC, he also has previously served as president of Blue Cross and Blue Shield of Illinois . Contract Terms: 1 yr(s) / $850,000 Signing Bonus - Acquiring additional health plans requires an enterprise data strategy I write about healthcare business and policy, Park in Chicago, Illinois on June 24, 2017. Ventas appoints Maurice Smith, CEO of HCSC, to board of directors The site may also contain non-Medicare related information. The company's next largest state in terms of premiums is Oklahoma, accounting for approximately 9% of premium. 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's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. Greg Thompson President and Chief Executive Officer at HCSC - View - HCSC org chart. 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?". For more than a decade the insurer has partially owned pharmacy benefit manager Prime Therapeutics, along with other Blues plans. [7] "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. He has held many senior financial management roles at HCSC, including head of corporate transactions and investment strategies. 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. The numbers look even bigger when compared to CEO pay at HCSC's larger rivals. 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. Find Maurice Smith's accurate email address and contact/phone number in Adapt.io. 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. He also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. "Stephen has been instrumental in the company's ambitious growth strategy and . Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Health Care Service Corp. (HCSC) on May 5 named Maurice Smith its new president and CEO, effective June 1. 312.653.7581 Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. 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. 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. Stephen Harris Named Blue Cross and Blue Shield of Illinois - BCBSIL Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. [2] HCSC's membership was approximately 16 million at December 31, 2019. Blue Cross and Blue Shield of Texas Parent HCSC Names Maurice Smith New Health Care Service Corporation One option is Adobe Reader which has a built-in screen reader. All Rights Reserved. But Health Care Service has publicly said for years its not interested in becoming an investor-owned company even as its rivals like UnitedHealth Group, the Aetna unit of CVS Health, Anthem and Cigna get bigger through acquisitions. During his tenure, Smith grew the organizations annual revenue by 35 percent. 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. Copyright Health Care Service Corporation. Jennifer Knable - Data Analyst - University of Chicago | LinkedIn Copyright Health Care Service Corporation. HCSC is the largest customer-owned health insurer in the United States, covering over 16 million members across its Blue Cross and Blue Shield health plans in . 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. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. As of 2019, it was noted to be the third-largest . Health Care Service Corporation - Overview, News - ZoomInfo In addition, 312.653.7581 Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. But getting bigger quickly, likely through acquisitions, may be the top item on the new CEO's agenda. 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Among those taking the cue is UnitedHealth Group. Chicago-based REIT Ventas, Inc. announced that Maurice Smith, president and chief executive officer of Health Care Service Corporation (HCSC), has been appointed . 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. One option is Adobe Reader which has a built-in screen reader. An income tax benefit related to the enactment of the Tax Cuts and Jobs Act equal to $833 million contributed to the sizeable ROC ratio during the first half of 2018. Thompson said the company doesnt plan any additional job cuts. 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. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. Lesar will remain a member of the company's board. 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. Health Care Service Corporation (HCSC) is a member-owned health insurance company in the United States. 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. 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. Their struggles were hardly surprising, given the substantial changes in the roster coach Luke Richardson is working with. Maurice Smith - Savoy HCSC board member and former energy executive David Lesar is serving as interim CEO. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . And Anthem this year launched its own pharmacy benefit manager, IngenioRx. Musk Made a Mess at Twitter. Blue Cross Blue Shield Building, home of Health Care Service Corp. as photographed from Maggie Daley [+] Park in Chicago, Illinois on June 24, 2017. The site may also contain non-Medicare related information. Board members had grown frustrated with Steiner's relatively cautious expansion strategy amid rapid industry consolidation. Copyright document.write(new Date().getFullYear()) Health Care Service Corporation. Blue Cross and Blue Shield of Illinois is a division of HCSC, a . In addition, some sites may require you to agree to their terms of use and privacy policy. 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. Health Care Service Corporation is a Mutual Legal Reserve Company and an Independent Licensee of the Blue Cross and Blue Shield Association. To view this file, you may need to install a PDF reader program. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. A potential contender for the permanent role is newly named HCSC President Maurice Smith, who has been with the . S Maurice Smith earned $918,091 in his NFL career. maurice smith hcsc wife