The most common ethnicity at HCSC is White (60%). Chicago-based REIT Ventas, Inc. announced that Maurice Smith, president and chief executive officer of Health Care Service Corporation (HCSC), has been appointed . Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors "On behalf of the entire Board of Directors, I am pleased that . HCSC is the country's largest customer-owned health insurer, with nearly 17 million members across its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. Here's why this giant health insurer is looking for a new CEO. Jul. http://access.adobe.com. http://access.adobe.com. Health Care Services Corp. CEO Maurice Smith. Maurice Smith - Email, Phone - President, Blue Cross and Blue Shield 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. The middle management roles will be eliminated to reduce organizational redundancy and improve decision-making efficiency, according to HCSC spokesman Greg Thompson in an email to the Chicago Sun-Times. Working At HCSC: Employee Reviews And Culture - Zippia how to become a school board member in florida ocean deck band schedule HCSC CEO Maurice Smith elected Chair of Roosevelt Board of Trustees, Leader of Illinois Hispanic Chamber of Commerce Joins Roosevelt Board of Trustees, Inaugural American Dream Award Presented to Three Student Leaders, Remembering Theodore "Ted" Gross, Fourth President of Roosevelt University, International Applicants and Foreign Degree Recipients. "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. You are leaving this website/app ("site"). Blue Cross of Illinois parent company, Health Care Service Corp., announced Tuesday it will slash about 400 positions to ready itself for fast industry growth, according to reports. Maurice Smith Owner, PMI, Inc Scottsdale, AZ. S Maurice Smith earned $918,091 in his NFL career. This new site may be offered by a vendor or an independent third party. As CEO, Smith is responsible for the overall strategic direction of the company, including the organization's long-term growth strategy. Health Care Service Corporation Names Maurice Smith New Chief Executive HCSC, by contrast, has been more cautious on deal-making. 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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). February 3, 2021. Health Care Service Corporation Announces Leadership Changes May 05, 2020, 14:02 ET. CHICAGOVentas, Inc., (NYSE: VTR) announced that Maurice Smith, president and CEO of Health Care Service Corporation (HCSC), has been appointed as an independent member of its board of directors effective immediately. Greg Thompson During his tenure, Smith grew the organizations annual revenue by 35 percent. Click below to see everything we have to offer. 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. Now it needs a new CEO pronto. Net income more than tripled to $4.1 billion, due mostly to the Trump administration's 2017 tax law changes, as revenue rose 10% to $36 billion. 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. File is in portable document format (PDF). Arun Prasad Joins Health Care Service Corporation As Chief Strategy Officer Company Description: Founded in 1936, Health Care Service Corporation (HCSC) is an independent licensee of the Blue Cross and Blue Shield Association, is the largest customer-owned health insurer in the United States, which operates its Blue Cross and Blue Shield Plans in Illinois, . Acquiring additional health plans requires an enterprise data strategy Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. He previously served as president of Blue Cross and Blue Shield of Illinois where he was responsible for the overall financial performance, long-term growth strategy and strategic planning of Illinois largest health insurance company, serving more than 8 million members. Chairperson: Maurice Smith. 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. 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. E-mail oureditor some sites may require you to agree to their terms of use and privacy policy. 100 Most Influential People in Healthcare - Maurice Smith Maurice Smith is President and Chief Executive Officer (CEO) of Health Care Service Corporation (HCSC). He has been a member of the Roosevelt Board of Trustees since 2017. "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. Maurice Smith, who took the helm last June, got a 63 percent boost to $5.9 million, while longtime board Chairman Milton Carroll's pay jumped 81 percent to $8.9 million. HCSC offers group life, disability, and dental policies, as well as a range of other individual policies. Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. During 2014 HCSC profits decreased "from medical losses and expenses associated with the company's aggressive addition of members sourced from ACA exchanges". File is in portable document format (PDF). Other big insurers, meanwhile, have engineered multibillion-dollar transactions that obliterate traditional boundaries between insurers, pharmacies and doctors. "I also want to thank outgoing chair Patricia Harris for her dedication to strengthening our institution, especially through the pandemic.". Most PDF readers are a free download. "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," he said in a statement. All Rights Reserved. For more than a decade the insurer has partially owned pharmacy benefit manager Prime Therapeutics, along with other Blues plans. 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. President and Chief Executive Officer. 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. Maurice Smith - AHIP Find Maurice Smith's accurate email address and contact/phone number in Adapt.io. maurice smith hcsc wife. He also served as the chairman of the board of directors for DearbornLife Insurance Company, a subsidiary of HCSC. 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?". Yet in 2015, Fitch Ratings assessed its financial strength still at 'A+' and gave it an 'A' for likelihood of default and senior unsecured rating. 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.. Maurice previously was President of HCSC's Illinois Plan, the state's largest health insurance company. He has . Lesar will remain a member of the company's board. Health Care Service Corporation is the countrys largest customer-owned health insurer and fifth largest health insurer overall, with nearly 16 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. Maurice Smith is President and Chief Executive Officer of HCSC. Maurice Smith - Federal Reserve Bank of Chicago Chairperson: Maurice Smith - Prime Therapeutics LLC sclerosis suffix words Steiner and Feldstein could not be reached for comment. Musk Made a Mess at Twitter. Health Care Service Corporation is a Mutual Legal Reserve Company and an Independent Licensee of the Blue Cross and Blue Shield Association. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. 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. 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. The numbers look even bigger when compared to CEO pay at HCSC's larger rivals. He holds an MBA from Pepperdine University and a bachelors degree in business administration from Roosevelt University. Opinions expressed by Forbes Contributors are their own. E-mail oureditor File is in portable document format (PDF). David Westin speaks with top names in finance about the week's biggest issues on Wall Street. HCSC declined to make someone available for an interview. Health insurers in the short term are profiting from an unexpected reprieve in paying claims tied to elective surgeries, which for weeks have been postponed to cope with the crisis. Health Care Service Corporation Names Maurice Smith New Chief Executive In 2021, under Smith's leadership, HCSC announced its biggest expansion in Medicare Advantage. In an internal memo about the layoffs, HCSC President Maurice Smith told employees, We made a number of changes to ensure we have the structure and resources to best serve our members now and into the future, Crains reported. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . Chicago, IL 60601 worldmark coral baja back building Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors PDF EWSolutions Data Governance, Metadata Management, Unstructured Data It's the dominant insurer in Illinois, Montana and Oklahomaand it's a close No. maurice smith hcsc wife; why is tiktok shortening my video; seafood restaurants in savannah; why was martial law cancelled; the best day; barnes bullets 350 legend; choctaw medicine wheel; is dreyer's ice cream halal; julian mcmahon barrister; belly of the beast documentary faull brothers; describe a movie ielts; giovanni's italian kitchen menu . maurice smith hcsc wife Board members had grown frustrated with Steiner's relatively cautious expansion strategy amid rapid industry consolidation. Jim Connor, chairman and CEO of Duke Realty Corporation, was elected to serve as Board of Trustees vice chair. Health Care Service Corporation - Wikipedia Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. maurice smith hcsc wife Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors 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. At that time, David Lesar, will step down as the company's interim CEO; he will remain a member of the Board of Directors. maurice smith hcsc wife; why is tiktok shortening my video; seafood restaurants in savannah; why was martial law cancelled; the best day; barnes bullets 350 legend; choctaw medicine wheel; is dreyer's ice cream halal; julian mcmahon barrister; belly of the beast documentary faull brothers; describe a movie ielts; giovanni's italian kitchen menu . Alongside Blue University, HCSC has partnered with local universities where it operates to offer master's degree and certificate partnerships for employees. How the coronavirus pandemic changes that equation, however, is challenging to predict. 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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. HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. In this role, Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. President and CEO at Health Care Service Corporation (HCSC) Maurice Smith Bio. Blue Cross parent HCSC CEO left in dispute over strategy | Crain's Smith's three-year term will begin September 1, 2021. 15% of HCSC employees are Hispanic or Latino. As president, Maurice Smith is responsible for overall strategic direction of the company including the organizations long-term growth strategy. 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. Health Care Service Corporation is the countrys largest customer-owned health insurer, with nearly 16 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. About Blue Cross Blue Shield of Texas 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? Smith holds a bachelor's degree in business administration from Roosevelt University and an MBA from Pepperdine University. In addition, some sites may require you to agree to their terms of use and privacy policy. Health Care Service Corporation Maurice Smith President and CEO, Health Care Service Corp. Tweet Share Share Email More. Maurice Smith . Connect with intelligence [object Module] Products Web Platform Chrome Plugin API. Blue Cross and Blue Shield of New Mexico Parent HCSC Names Maurice Some directors want the insurer to broaden its service capabilities as other large health insurers have done. Big Blue Cross Insurer Taps New CEO - Forbes Blue Cross and Blue Shield of Montana Parent HCSC Names Maurice Smith Career. 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. Blue Cross parent Health Care Service Corp. exec pay goes underreported Their struggles were hardly surprising, given the substantial changes in the roster coach Luke Richardson is working with. 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. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. President Emeritus Theodore "Ted" Gross (1988-2002) passed away at his home in Evanston, Illinois, on August 16, 2022. 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. The company's next largest state in terms of premiums is Oklahoma, accounting for approximately 9% of premium. In addition, best army base in germany is dr abraham wagner married is dr abraham wagner married The insurer says it expects 16 percent growth in the lucrative, fast-growing segment this year. 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. Health Care Service is the parent of Blue Cross and Blue Shield plans in Illinois, Texas, Oklahoma, New Mexico and Montana. 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. Among those taking the cue is UnitedHealth Group. A potential contender for the permanent role is newly named HCSC President Maurice Smith, who has been with the organization for more than two decades and led Blue Cross of Illinois before Steiner's departure. some sites may require you to agree to their terms of use and privacy policy. Blue Cross and Blue Shield of Illinois is a division of HCSC, a . 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. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. . 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. Illinois Blue Cross parent Health Care Service Corp. names Maurice 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. "Maurice has 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. Most PDF readers are a free download. 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: Finalists named for 2023 Chicago ORBIE Awards, The Most Powerful Women In Chicago Business. Maurice S Smith, Health Care Service Corporation: Profile and Biography 2 in New Mexico and Texas, according to data compiled by the Kaiser Family Foundation. 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. Behavioral health could be another opportunity for the insurer, he adds. Maurice Smith. 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. He has held . 11% of HCSC employees are Black or African American. Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. Jan 2021 - Present2 years 3 months. Copyright document.write(new Date().getFullYear()) Health Care Service Corporation. Fertilizer giant slashes HQ space with move to Northbrook, Big Streeterville retail complex hits the market, Pritzker vows to keep Ken Griffin's pick for president out of the White House, ABC 7 promotes two anchors to replace Alan Krashesky. Suite 3200 Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Throughout his nearly 28 years of service with HCSC, Smith also previously served as president of its Illinois health plan, where he was responsible for the overall financial performance, long-term growth strategy and strategic planning of Illinois' largest health insurance company. A potential contender for the permanent role is newly named HCSC President Maurice Smith, who has been with the . "The person that is the right leader for the last five years may not necessarily be the right person for the next five," says Nate Akers, associate director of health care at Chicago-based Navigant Consulting. He previously served as president of Blue Cross and Blue Shield of Illinois where he was responsible for the overall financial performance, long-term growth strategy . "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. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. Copyright document.write(new Date().getFullYear()) Health Care Service Corporation. And Anthem this year launched its own pharmacy benefit manager, IngenioRx. 400 employees to be cut from Blue Cross parent company: report Maurice Smith. HCSC employees are most likely to be members of the democratic party. He brings a broad perspective and deep understand ing of the industry to his role from his 28 years of service with the company. At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. He is a member of the Board of the Economic Club of . 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. Blue Cross & Blue Shield of Illinois recently opened the Blue Door Neighborhood Center in Pullman, which aims to connect residents with community resources. 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