Independence Blue Cross · Philadelphia, PA United States
Company Description
Phone: 215-636-9559
Fax: 215-241-0403
Toll Free: 800-555-1514
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This link will open in a new window Independence Blue Cross (IBC) provides health insurance and related services to some 3.4 million members in Philadelphia and surrounding areas. The company's plans include Personal Choice (PPO), Keystone Health Plan East (HMO and POS), and traditional indemnity options for groups, families, and individuals. It also offers supplemental Medicare, dental, vision, life, and disability insurance. Through subsidiaries AmeriHealth Administrators and FutureScripts, IBC provides third-party administration (TPA) and pharmacy benefits management (PBM) services. IBC, which was founded as the Associated Hospital Service of Philadelphia in 1938, is an independent licensee of the Blue Cross and Blue Shield Association . To read the full description, subscribe now.
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Key Independence Blue Cross Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| Employees | 6,000 |
Independence Blue Cross Executives
74 executives listed for Independence Blue Cross's Philadelphia, PA location.
| Title | Name & Bio | Contact |
| Chairman | M. Walter D'Alessio | Network |
| President, CEO, and Director | Joseph Frick | Network |
| EVP, COO, and Director | Christopher Butler | Network |
Competition
Competitive Landscape for Independence Blue Cross
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 Independence Blue Cross Competitors
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