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130 E. Randolph St. The site may also contain non-Medicare related information. HCSC board member and former energy executive David Lesar is serving as interim CEO. 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. Ventas, Inc. (NYSE:VTR) ("Ventas" or the "Company") today announced that Maurice Smith, President and Chief Executive Officer of Health Care Service Corporation ("HCSC";), has been appointed as an . Smith wasn't made available for an interview. Health Care Service is the parent of Blue Cross and Blue Shield plans in Illinois, Texas, Oklahoma, New Mexico and Montana. 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. Other Adobe accessibility tools and information can be downloaded at 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 . File is in portable document format (PDF). At that time, David Lesar, will step down as the company's interim CEO; he will remain a member of the Board of Directors. Blue Cross & Blue Shield of Illinois recently opened the Blue Door Neighborhood Center in Pullman, which aims to connect residents with community resources. maurice smith actor Los Angeles County, CA. 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. President, HCSC. 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. Jan 2021 - Present2 years 3 months. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. About Health Care Service Corporation You are leaving this website/app ("site"). Improving the attack has been a focus for the Fire, who compiled 12 shutouts last year but missed the playoffs. HCSC employees are most likely to be members of the democratic party. Get Hcsc company's verified contact number +1*****725, web address, revenue, total contacts 528, industry Healthcare, Pharmaceuticals, & Biotech and location at Adapt.io He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. As president and CEO, Maurice Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. About Blue Cross Blue Shield of Texas "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. Such strategies will be tested in the future as the health care system continues to grapple with the spread of the coronavirus strain COVID-19 and high unemployment that is expected to disrupt health insurance coverage for many. He has held many senior financial management roles at HCSC, including head of corporate transactions and investment strategies. In each incident, the suspect forced his way inside restaurants, sometimes shattering glass, taking items and fleeing on foot, police said. Maurice Smith signed a 1 year, $850,000 contract with the Tennessee Titans, including an average annual salary of $850,000. 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. [3], In 2010 HCSC nearly doubled its income to $1.09 billion, and began "a streak of billion-dollar profits for 4 straight years". Chairperson: Maurice Smith. Maurice previously was President of HCSC's Illinois Plan, the states largest health insurance company. Im not a victim, baby, the comedian says, also commenting on Jada Pinkett Smith, trans people and selective outrage.. Will His AI Plans Be Any Different? E-mail oureditor File is in portable document format (PDF). At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. HCSC, by contrast, has been more cautious on deal-making. 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 . Maurice Smith, who is 48 years old, will become chief executive officer and president of Health Care Service effective June 1 when he will replace interim CEO David Lesar who will remain a member of the companys board of directors, the insurer said Tuesday. 2023, Roosevelt University, All Rights Reserved. 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. [email protected]. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. some sites may require you to agree to their terms of use and privacy policy. 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. 15% of HCSC employees are Hispanic or Latino. CHICAGO Blue Cross and Shield of Illinois (BCBSIL), a division of Health Care Service Corporation (HCSC), today announced Stephen Harris has been named the new Illinois president.Stephen will succeed Steve Hamman, who has left the company to pursue new endeavors. For more than a decade the insurer has partially owned pharmacy benefit manager Prime Therapeutics, along with other Blues plans. 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. "On behalf of the entire Board of Directors, I am pleased that . . Copyright Health Care Service Corporation. In 2021, under Smith's leadership, HCSC announced its biggest expansion in Medicare Advantage. He brings a broad perspective and deep understand ing of the industry to his role from his 28 years of service with the company. 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. To view this file, you may need to install a PDF reader program. One option is Adobe Reader which has a built-in screen reader. Meanwhile, last year was a banner year for HCSC. He holds an MBA from Pepperdine University and a bachelors degree in business administration from Roosevelt University. 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. HCSC offers group life, disability, and dental policies, as well as a range of other individual policies. The company's next largest state in terms of premiums is Oklahoma, accounting for approximately 9% of premium. Maurice Smith joined Blue Cross Blue Shield in 2021. You are leaving this website/app ("site"). Chicago, IL 60601 Insiders at Health Care Service say Smith is very community-oriented and that will serve the companys health plans well as the industry moves to address social determinants of health. Meanwhile, Cigna bought pharmacy benefit manager Express Scripts for $67 billion last year. Blue Cross and Blue Shield ofTexas(BCBSTX) the only statewide, customer-owned health insurer inTexas is the largest provider of health benefits in the state, working with nearly 80,000 physicians and health care practitioners, and 500 hospitals to serve 6 million members in all 254 counties. One option is Adobe Reader which has a built-in screen reader. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. "Stephen has been instrumental in the company's ambitious growth strategy and . 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. 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. Currently working as President, Blue Cross and Blue Shield-Illinois at Hcsc in Illinois, United States. Acquiring additional health plans requires an enterprise data strategy You are leaving this website/app ("site"). 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 . President and Chief Executive Officer at HCSC - View - HCSC org chart. Director at Federal Reserve Bank of Chicago - View - Federal Reserve Bank of Chicago org chart. The company operates the Blue . Smith was named CEO of HCSC in 2020, when he was also recognized as one of Modern Healthcare's 100 Most Influential People in Healthcare. [2], HCSC reported a strong underwriting profit in 2017 after losses related to Affordable Care Act (ACA) exchange-sourced business in 2014 and 2015. Click here to get the full experience on your screen. During his tenure, Smith grew the organizations annual revenue by 35 percent. Blue Cross and Blue Shield of Illinois is a division of HCSC, a . About Health Care Service Corporation Lesar will remain a member of the company's board. Suite 3200 During 2014 HCSC profits decreased "from medical losses and expenses associated with the company's aggressive addition of members sourced from ACA exchanges". A potential contender for the permanent role is newly named HCSC President Maurice Smith, who has been with the . All Rights Reserved. This new site may be offered by a vendor or an independent third party. Throughout his nearly 27 years of service with HCSC, he also has previously served as president of Blue Cross and Blue Shield of Illinois where he was responsible for the . How the coronavirus pandemic changes that equation, however, is challenging to predict. University of Chicago. Health Care Service Corp. (HCSC) on May 5 named Maurice Smith its new president and CEO, effective June 1. Health Care Service Corporation He succeeds Board of Trustees chair Patricia Harris, former chief global diversity officer of McDonald's Corporation. 11% of HCSC employees are Black or African American. To view this file, you may need to install a PDF reader program. Greg Thompson Chicago-based REIT Ventas, Inc. announced that Maurice Smith, president and chief executive officer of Health Care Service Corporation (HCSC), has been appointed . Maurice was Chairman of the Board for Dearborn National Life Insurance. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. 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. 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. 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. "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. And Anthem this year launched its own pharmacy benefit manager, IngenioRx. Today, HCSC and its companies are the largest and most experienced health insurance company in the state of Illinois, providing more than 6.5 million members with comprehensive and affordable health plans. File is in portable document format (PDF). The average employee at HCSC makes $58,172 per year. Reconciles incoming API dashboards, ensuring data is current and accurate. He has an MBA from Pepperdine University and a bachelors degree from Roosevelt University. 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. Maurice Smith . The site may also contain non-Medicare related information. Maurice Smith. Maurice Smith. Most PDF readers are a free download. 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, . All Rights Reserved. Opinions expressed by Forbes Contributors are their own. This new site may be offered by a vendor or an independent third party. Chicago, Illinois, United States. 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. Jul. 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. The Hawks failed to score in the last 59 minutes Saturday and suffered their fourth consecutive loss. Maurice Smith is currently. Copyright Health Care Service Corporation. Wed. 2021. Greg Thompson Behavioral health could be another opportunity for the insurer, he adds. Blue Cross and Blue Shield of Montana is a division of HCSC, a . maurice smith hcsc wife. [6] Blue University will focus on a number of topics such as healthcare management, leadership, marketing and sales, technology, and service delivery to name a few. Maurice joined HCSC nearly 27 years ago as an intern. He has been a member of the Roosevelt Board of Trustees since 2017. As of 2019, it was noted to be the third-largest commercial health insurer in the United States [1] It serves nearly 16 million members. The . [2] HCSC's membership was approximately 16 million at December 31, 2019. He also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . See Maurice S Smith's compensation, career history, education, & memberships. Crain's has learned Steiner clashed with HCSC directors over long-term growth plans at the nation's sixth-largest health insurer. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. HCSC declined to make someone available for an interview. 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. HCSC board member and former energy executive David Lesar is serving as interim CEO. "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. Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. The site may also contain non-Medicare related information. Under pressure to reduce health care costs and improve outcomes for members, HCSC's rivals have found creative ways to get closer to patients. Click here to get the full experience on your screen. Health Care Service Corporation, a Mutual Legal Reserve Company.