Health Care Service Corporation · Chicago, IL United States
Company Description
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This link will open in a new window Health Care Service Corporation (HCSC) has the Blues in Chicago and the Southwest. A licensee of the Blue Cross and Blue Shield Association , HCSC consists of four regional Blue health plans: Blue Cross Blue Shield of Illinois, Blue Cross and Blue Shield of Texas , Blue Cross and Blue Shield of New Mexico, and Blue Cross Blue Shield of Oklahoma. The mutually owned company provides group and individual health plans -- including traditional indemnity plans, managed care programs, and Medicare supplemental coverage -- to more than 12 million members, a majority of them in Illinois. Through some non-blue subsidiaries, HCSC sells life and disability insurance, as well as annuities. To read the full description, subscribe now.
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Key Health Care Service Corporation Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $16,024.6 |
| 2008 Employees | 17,500 |
Health Care Service Corporation Executives
15 executives listed for Health Care Service Corporation's Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman | Milton Carroll | Network |
| President and CEO | Patricia Hemingway Hall | Network |
| COO | Colleen Reitan | Network |
Competition
Competitive Landscape for Health Care Service Corporation
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 Health Care Service Corporation Competitors
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