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 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. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas. Maurice Smith Owner, PMI, Inc Scottsdale, AZ. He brings a broad perspective and deep understand ing of the industry to his role from his 28 years of service with the company. 2023, Roosevelt University, All Rights Reserved. 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. As of May 1, 2019, HCSC announced an in-house educational program aimed at developing the skills of its employees, dubbed Blue University. Health Care Service Corporation Names Maurice Smith New Chief Executive Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. 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. 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.. Big Blue Cross Insurer Taps New CEO - Forbes maurice smith hcsc wifehtml5 interactive animation. President and CEO at Health Care Service Corporation (HCSC) Maurice Smith Bio. Manages and triages . 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, which owns Blue Cross & Blue Shield plans in Illinois and four other states, has stayed out of the large-scale dealmaking that's reshaping health care in the U.S. Humana, for its part, has opened clinicssome inside Walgreens storeswhile doubling down on Medicare Advantage business. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. "Roosevelt's focus to increase access to education for all has never been more important," said Smith. 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 below to see everything we have to offer. He was promoted last year to president of HCSC after the departure of then-CEO Paula Steiner. "I also want to thank outgoing chair Patricia Harris for her dedication to strengthening our institution, especially through the pandemic.". 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. The site may also contain non-Medicare related information. Career. 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 new site may be offered by a vendor or an independent third party. Blue Cross Blue Shield Building, home of Health Care Service Corp. as photographed from Maggie Daley [+] Park in Chicago, Illinois on June 24, 2017. Now it needs a new CEO pronto. 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. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . Maurice Smith, who Meanwhile, Cigna bought pharmacy benefit manager Express Scripts for $67 billion last year. 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. maurice smith hcsc wife He has an MBA from Pepperdine University and a bachelors degree from Roosevelt University. HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. [2], HCSC's membership was approximately 16 million as of December 31, 2019. Find Maurice Smith's accurate email address and contact/phone number in Adapt.io. Alongside Blue University, HCSC has partnered with local universities where it operates to offer master's degree and certificate partnerships for employees. HCSC board member and former energy executive David J. Lesar will serve as interim CEO until Steiner's replacement is named. 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. University of Chicago. You may opt-out by. In this role, Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. The company also provides various care management and wellness resources. During 2014 HCSC profits decreased "from medical losses and expenses associated with the company's aggressive addition of members sourced from ACA exchanges". Maurice Smith. Maurice previously was President of HCSC's Illinois Plan, the state's largest health insurance company. Maurice Smith. Their struggles were hardly surprising, given the substantial changes in the roster coach Luke Richardson is working with. how to become a school board member in florida ocean deck band schedule 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. Smith's three-year term will begin September 1, 2021. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. In addition, HCSC booked $38.6 billion in revenue last year while paying a total of $25 million for CEO services (that includes . Blue Cross and Blue Shield of Illinois Parent HCSC Names Maurice Smith Smith wasn't made available for an interview. PDF EWSolutions Data Governance, Metadata Management, Unstructured Data Maurice Smith Contract Breakdowns, Salary Cap Figures, Salaries After three years at the helm, CEO Paula Steiner left the Chicago-based health insurance giant last monthfollowed by Chief Financial Officer Eric Feldstein. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. 312.653.7581 Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Maurice Smith Contract Details - Over the Cap Chicago, Illinois, United States. 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. 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. 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. The . Jul. Prasad will report to Maurice Smith, president and chief executive officer of HCSC, and will lead the organization's strategic efforts including long-term planning, business and corporate . Greg Thompson 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 . Blue Cross parent HCSC CEO left in dispute over strategy | Crain's Maurice Smith - AHIP 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. Acquiring additional health plans requires an enterprise data strategy Biography of Maurice Smith - The Official Board 400 employees to be cut from Blue Cross parent company: report Here's why this giant health insurer is looking for a new CEO. Abraham Lincoln Signed - Collectible Anywhere "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. Elected CEO in June 2020 . Maurice previously was President of Blue Cross and Blue Shield of Illinois, the state's largest health insurance . Meanwhile, last year was a banner year for HCSC. 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. (Photo By Raymond Boyd/Getty Images). 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. Copyright document.write(new Date().getFullYear()) Health Care Service Corporation. "On behalf of the entire Board of Directors, I am pleased that . 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 . You are leaving this website/app ("site"). 312.653.7581 Maurice Smith contract and salary cap details, including signing bonus, guaranteed salary, dead money, roster bonuses, and contract history. 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. HCSC offers group life, disability, and dental policies, as well as a range of other individual policies. Health Care Service Corporation Announces Leadership Changes He has held . Maurice joined HCSC nearly 27 years ago as an intern. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. May 05, 2020, 14:02 ET. maurice smith hcsc wife - georgenr.com Smith holds a bachelor's degree in business administration from Roosevelt University and an MBA from Pepperdine University. Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors Maurice Smith. [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. 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. 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. Will His AI Plans Be Any Different? Copyright Health Care Service Corporation. Blue Cross and Blue Shield of Illinois is a division of HCSC, a . 400 employees to be cut from Blue Cross parent company: report, Netflix looks to curb password sharing, considers ads, Aiming to predict COVID, future pandemics better, CDC opens infectious diseases forecasting center, Joliet farmers wrangle cows thrown from semitrailer after crash on Interstate 80, 1 killed, 3 wounded in shootings Tuesday in Chicago, Obama relatives sue Milwaukee school alleging racial bias, Unmasked transit: Pritzker ends mask mandates in public transportation, airports, Dear Abby: When my husbands brother marries, I should be in the wedding, Jose Abreu on life with the Astros and leaving the White Sox, who werent a family in 2022, Founding fathers didnt own AR-15s or large capacity magazines, Pritzker and Raoul argue in defense of ban, Dear Abby: With boyfriends fussy father living here, I feel trapped, Facebook founder Mark Zuckerberg and wife to invest $250 million in new Chicago research lab, Chris Rock, on live Netflix special, jokes about Will Smith punch: I got Summertime ringing in my ears., Benet falls to OFallon in Class 4A championship, Blackhawks lose to Predators while starting to integrate new players, Fire find enough offense to salvage 1-1 draw with NYCFC, Police issue alert after restaurant burglaries on Near North Side. In addition, some sites may require you to agree to their terms of use and privacy policy. 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. Chicago-based REIT Ventas, Inc. announced that Maurice Smith, president and chief executive officer of Health Care Service Corporation (HCSC), has been appointed . 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. Smith holds a bachelors degree in business administration from Roosevelt University and an MBA from Pepperdine University. 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. Click here to get the full experience on your screen. To view this file, you may need to install a PDF reader program. Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. [3], Learn how and when to remove this template message, "10 biggest health plans by number of members", "Fitch Affirms Health Care Service Corporation's Ratings", "Health Care Service Corp., parent company of Blue Cross Blue Shield of Illinois, is eliminating 400 jobs", "Health Care Service Corp. sheds hundreds of workers", "HCSC launches new employee education program: Blue University", "Blue Cross parent boosts profit in second quarter", https://en.wikipedia.org/w/index.php?title=Health_Care_Service_Corporation&oldid=1136121535, Maurice Smith, CEO; Milton Carroll, Chairman; Maurice Smith, President of HCSC, This page was last edited on 28 January 2023, at 21:12. 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. Some directors want the insurer to broaden its service capabilities as other large health insurers have done. Maurice Smith signed a 1 year, $850,000 contract with the Tennessee Titans, including an average annual salary of $850,000. He will begin this new position immediately. 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. "Maurice is an accomplished leader with a long track record of innovation. A boardroom dispute over strategy leaves Health Care Service Corp. in limboat a time of convulsive change in health care. Get Hcsc company's verified contact number +1*****725, web address, revenue, total contacts 528, industry Healthcare, Pharmaceuticals, & Biotech and location at Adapt.io Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, President/CEO, Health Care Service Corporation. Crain's has learned Steiner clashed with HCSC directors over long-term growth plans at the nation's sixth-largest health insurer. Solutions Sales Marketing. Among those taking the cue is UnitedHealth Group. He holds an MBA from Pepperdine University and a bachelors degree in business administration from Roosevelt University. For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. As president and CEO, Maurice Smith is responsible for overall strategic direction of the company including the organization's long-term growth strategy. One option is Adobe Reader which has a built-in screen reader. HCSC is the parent of Blue Cross plans in Texas, Oklahoma, New Mexico and Montana, in addition to Illinois. Suite 3200 . 11% of HCSC employees are Black or African American. The most common ethnicity at HCSC is White (60%). President and Chief Executive Officer. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. The site may also contain non-Medicare related information. Maurice Smith - The Economic Club of Chicago Health Care Service Corp. cuts workers | Modern Healthcare HCSC CEO Maurice Smith elected Chair of Roosevelt Board of Trustees 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. Most PDF readers are a free download. Results are expected to moderate somewhat during the second half of 2018 as policyholders exhaust their deductibles and HCSC pays a greater percentage of claims. President Emeritus Theodore "Ted" Gross (1988-2002) passed away at his home in Evanston, Illinois, on August 16, 2022. 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, . HCSC board member and former energy executive David Lesar is serving as interim CEO. Indiana State recruit Jailah Pelly put OFallon ahead to stay at 58-56 with a basket with 2:26 left in the second overtime. You are leaving this website/app ("site").