Health Care Service Corp - Company Profile
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Health Care Service Corp (HCSC) is a customer owned health insurance company. It provides a range of health and life insurance products and related service. The company offers products through its operating segments and subsidiaries, namely, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Oklahoma, Blue Cross and Blue Shield of New Mexico and Blue Cross and Blue Shield of Texas. Its health plans provide coverage for a number of procedures ranging from heart and bone marrow transplants to leukemia and cancer treatments. It is an independent licensee of the Blue Cross and Blue Shield Association. HCSC is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
300 East Randolph Street, Chicago, Illinois, 60601
Website
www.hcsc.com
Telephone
1 800 6547385
No of Employees
26,000
Industry
Financial Services
Revenue (2022)
$50.1B
Health Care Service Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Insurance | Life, Disability and Dental Solutions |
| Other Individual Solutions | |
| Medical Policies Category: | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to acquire Cigna's Medicare business. |
| 2022 | Acquisitions/Mergers/Takeovers | In October, the company acquired the US-based Trustmark Health Benefits. |
| 2021 | Corporate Changes/Expansions | In August, the company launched its footprint in the Medicare Advantage market to serve more than 90 new counties. |
Competitor Comparison
| Key Parameters | Health Care Service Corp | UnitedHealth Group Inc | Elevance Health Inc | Humana Inc | Aetna Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Chicago | Hopkins | Indianapolis | Louisville | Hartford |
| State/Province | Illinois | Minnesota | Indiana | Kentucky | Connecticut |
| No. of Employees | 26,000 | 400,000 | 102,300 | 67,100 | - |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Milton Carroll | Chairman | Executive Board | - | - |
| Maurice Smith | President; Vice Chairman; Chief Executive Officer | Executive Board | 2020 | - |
| James Walsh | Chief Financial Officer; Senior Vice President | Senior Management | 2021 | - |
| Mike Frank | Senior Vice President; Chief Operating Officer | Senior Management | 2022 | - |
| Arun Prasad | Chief Strategy Officer; Senior Vice President | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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