At that time, David Lesar, will step down as the companys interim CEO; he will remain a member of the Board of Directors. maurice smith actor Los Angeles County, CA. He has been a member of the Roosevelt Board of Trustees since 2017. All Rights Reserved. This new site may be offered by a vendor or an independent third party. 130 E. Randolph St. Maurice Smith, who Maurice also oversaw HCSCs subsidiaries and served as the Chairman of Dearborn National Life Insurance Company. "I also want to thank outgoing chair Patricia Harris for her dedication to strengthening our institution, especially through the pandemic.". Maurice Smith signed a 1 year, $850,000 contract with the Tennessee Titans, including an average annual salary of $850,000. http://access.adobe.com. Steiner's departure last year was reported to be the result of a clash with board members over strategy. All Rights Reserved. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. As of 2019, it was noted to be the third-largest . See Maurice S Smith's compensation, career history, education, & memberships. Revenues last year totaled $38.6 billion, making it the country's sixth-largest health insurer. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com. Suite 3200 During 2014 HCSC profits decreased "from medical losses and expenses associated with the company's aggressive addition of members sourced from ACA exchanges". Revenues last year totaled $38.6 billion, The harshest mayor's race in years is being fueled by unions and Citadel donors, Developers unveil plans to turn LaSalle Street offices into apartments, Fertilizer giant slashes HQ space with move to Northbrook, The inside story of how Chicago won the $250M Chan Zuckerberg Initiative biotech research lab. How the coronavirus pandemic changes that equation, however, is challenging to predict. For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. In addition, [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. The site may also contain non-Medicare related information. "As a leader in healthcare, Maurice brings significant experience and insight to the Ventas Board," said Debra A. Cafaro, Ventas Chairman and . 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During his tenure, Smith grew the organizations annual revenue by 35 percent. CHICAGO, May 5, 2020 /PRNewswire/ -- Health Care Service Corporation (HCSC) announced today that its Board of Directors has named current president, Maurice Smith, as chief executive officer and . "This is a good example of proactive corporate governance and, frankly, you don't see that every day.". One option is Adobe Reader which has a built-in screen reader. Maurice Smith. As of 2015[update] HCSC's operations are concentrated in Illinois and Texas, which accounted for 84% of total revenue through the first nine months of 2014, followed by Oklahoma (9% of revenue). He is a member of the Board of the Economic Club of . Health Care Service Corporation is the countrys largest customer-owned health insurer, with nearly 16 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. 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. HCSC's revenue continues to be concentrated in Illinois and Texas, accounting for 83% of premium for the full year 2017. 312.653.7581 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. 2023, Roosevelt University, All Rights Reserved. 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. Since that time, he worked in many functions at HCSC assuming increased responsibility, excelling in each position and demonstrating solid strategic leadership. He has an MBA from Pepperdine University and a bachelors degree from Roosevelt University. All Rights Reserved. About Yvaral Jean-pierre Vasarely (19342002), Professionally Known As Yvaral, Was A French Artist Working In The Fields Of Op-art And Kinetic Art From 1954 Onwards. Other Adobe accessibility tools and information can be downloaded at Maurice Smith. Blue Cross & Blue Shield of Illinois recently opened the Blue Door Neighborhood Center in Pullman, which aims to connect residents with community resources. maurice smith hcsc wife. Meanwhile, last year was a banner year for HCSC. maurice smith hcsc wife. 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 Smith drives HCSC's overall strategic direction, including its long-term growth strategy. Click below to see everything we have to offer. For more information, please visitHCSC.com, visit ourFacebookpageor follow us onTwitter. Other big insurers, meanwhile, have engineered multibillion-dollar transactions that obliterate traditional boundaries between insurers, pharmacies and doctors. He will begin this new position immediately. But Health Care Service has publicly said for years its not interested in becoming an investor-owned company even as its rivals like UnitedHealth Group, the Aetna unit of CVS Health, Anthem and Cigna get bigger through acquisitions. Improving the attack has been a focus for the Fire, who compiled 12 shutouts last year but missed the playoffs. To view this file, you may need to install a PDF reader program. CHICAGOVentas, Inc., (NYSE: VTR) announced that Maurice Smith, president and CEO of Health Care Service Corporation (HCSC), has been appointed as an independent member of its board of directors effective immediately. Blue Cross and Blue Shield of Texas is a division of HCSC, a Mutual . Connect with intelligence [object Module] Products Web Platform Chrome Plugin API. Behavioral health could be another opportunity for the insurer, he adds. File is in portable document format (PDF). Health Care Service Corporation, a Mutual Legal Reserve Company. [2], HCSC's membership was approximately 16 million as of December 31, 2019. And Anthem this year launched its own pharmacy benefit manager, IngenioRx. May 05, 2020, 14:02 ET. Smith, 48, who has been with HCSC for nearly 27 years and joined as an intern, will become HCSC CEO effective June 1. Elected CEO in June 2020 . 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. 11% of HCSC employees are Black or African American. Currently working as President, Blue Cross and Blue Shield-Illinois at Hcsc in Illinois, United States. Among those taking the cue is UnitedHealth Group. February 3, 2021. Maurice Smith joined Blue Cross Blue Shield in 2021. 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. [3], In 2010 HCSC nearly doubled its income to $1.09 billion, and began "a streak of billion-dollar profits for 4 straight years". As of May 1, 2019, HCSC announced an in-house educational program aimed at developing the skills of its employees, dubbed Blue University. The insurer says it expects 16 percent growth in the lucrative, fast-growing segment this year. Chairperson: Maurice Smith. [2] HCSC's membership was approximately 16 million at December 31, 2019. Moving forward, HCSC will likely seek growth in Medicaid and Medicare Advantage, Akers says. The company's next largest state in terms of premiums is Oklahoma, accounting for approximately 9% of premium. You are leaving this website/app ("site"). He has held . Blue Cross Blue Shield Building, home of Health Care Service Corp. as photographed from Maggie Daley [+] Park in Chicago, Illinois on June 24, 2017. You are leaving this website/app ("site"). 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. Click here to get the full experience on your screen. Health Care Service Corporation (HCSC) is a member-owned health insurance company in the United States. Copyright document.write(new Date().getFullYear()) Health Care Service Corporation. 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. "Stephen has been instrumental in the company's ambitious growth strategy and . I write about healthcare business and policy, Park in Chicago, Illinois on June 24, 2017. Missing Crain's in print? Chicago, IL 60601 Acquiring additional health plans requires an enterprise data strategy About Blue Cross Blue Shield of Texas Humana, for its part, has opened clinicssome inside Walgreens storeswhile doubling down on Medicare Advantage business. There has been some speculation that it could become a part of Anthem, an investor-owned publicly traded operator of Blue Cross and Blue Shield plans in 14 states. Under Steiner, the $36 billion-revenue company has focused on its local markets and financial performance. He brings a broad perspective and deep understanding of the industry to his role from his 30 years of service with the company. 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. Click here to get the full experience on your screen. Will His AI Plans Be Any Different? Indiana State recruit Jailah Pelly put OFallon ahead to stay at 58-56 with a basket with 2:26 left in the second overtime. Lesar said he is "pleased that Maurice will lead HCSC at this critical time for . For more than a decade the insurer has partially owned pharmacy benefit manager Prime Therapeutics, along with other Blues plans. BCBSTX is a Division of Health Care Service Corporation (which operates Blue Cross and Blue Shield plans inTexas,Illinois,Montana,OklahomaandNew Mexico), the country's largest customer-owned health insurer and fourth largest health insurer overall. HCSC is the fifth-largest health insurer in the US overall and employs more than 23,000 people. But, over the next few years, covering the cost of care for those who continue to fall sick while the country works toward a vaccine and more effective therapies will be added to the surgeries and routine care that now are slowly returning. As of 2019, it was noted to be the third-largest commercial health insurer in the United States [1] It serves nearly 16 million members. HCSC Community Support Strategy Increases Focus on Social Barriers to Health CHICAGO, Jan. 10, 2023 /PRNewswire/ -- Health Care Service Corporation (HCSC) is realigning its community investments in 2023 into five newly redesigned strategic pillars to better support its umbrella mission of expanding access to care. HCSC is the largest customer-owned health insurer in the United States, covering over 16 million members across its Blue Cross and Blue Shield health plans in .