Blue Cross Blue Shield of Michigan · Detroit, MI United States
Company Description
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This link will open in a new window Blue Cross Blue Shield of Michigan is Michigan's leading health benefits organization, serving some 4.7 million members residing in the state or employed by companies headquartered there. The company's insurance offerings include traditional indemnity, PPO, and POS plans, in addition to its Blue Care Network HMO plans. It also offers consumer-directed Flexible Blue plans paired with health savings accounts, as well as options for individual buyers and Medicare beneficiaries. The not-for-profit organization is an independent licensee of the Blue Cross and Blue Shield Association . To read the full description, subscribe now.
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Key Blue Cross Blue Shield of Michigan Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $10,679.8 |
| 2008 Employees | 7,000 |
Blue Cross Blue Shield of Michigan Executives
52 executives listed for Blue Cross Blue Shield of Michigan's Detroit, MI location.
| Title | Name & Bio | Contact |
| Chairman | Gregory Sudderth | Network |
| Vice Chairman | Spencer Johnson | Network |
| President, CEO, and Director | Daniel Loepp | Network |
Competition
Competitive Landscape for Blue Cross Blue Shield of Michigan
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Blue Cross Blue Shield of Michigan Competitors
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