Blue Cross Blue Shield of Michigan Mutual Insurance Co - Company Profile
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Blue Cross Blue Shield of Michigan Mutual Insurance Co (BCBSM) is an independent non-profit organization providing and administering health benefits to the residents of Michigan, and the members of Michigan-headquartered groups residing outside the state. The company offers health insurance services under license from the Blue Cross Blue Shield association. BCBSM offers health care coverage including individual coverage, group coverage, medicare plans, managed plans, health management plans, vision plan, and medical and dental care programs. The company also offers international medical coverage plans, prescription drug coverage, preventive care and office visits plans, medical plan with a health savings account and healthy communities grants programs. BCBSM is headquartered in Detroit, Michigan, the US.
Headquarters
United States of America
Address
600 East Lafayette Boulevard, Detroit, Michigan, 48226
Website
www.bcbsm.com
Telephone
1 313 2259000
No of Employees
8,100
Industry
Financial Services
Revenue (2022)
$32.8B
Blue Cross Blue Shield of Michigan Mutual Insurance Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Maintenance Organization (HMO) Plans | Health Insurance Services |
| Preferred Provider Organization (PPO) Plans | |
| Dental Insurance Plans | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2021 | Corporate Changes/Expansions | In June, the company opened six primary care centers in Metro Detroit. |
| 2020 | Corporate Changes/Expansions | In December, the company opened six primary care centers in Wayne County, Michigan, the US. |
| 2020 | Contracts/Agreements | In December, the company entered into a partnership with Dedicated Senior Medical Centers. |
Competitor Comparison
| Key Parameters | Blue Cross Blue Shield of Michigan Mutual Insurance Co | UnitedHealth Group Inc | The Cigna Group | Humana Inc | Aetna Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Detroit | Hopkins | Bloomfield | Louisville | Hartford |
| State/Province | Michigan | Minnesota | Connecticut | Kentucky | Connecticut |
| No. of Employees | 8,100 | 400,000 | 71,300 | 67,100 | - |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Daniel J. Loepp | President; Director; Chief Executive Officer | Executive Board | 2006 | - |
| Paul L. Mozak | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | - |
| Gregory A. Sudderth | Chairman | Executive Board | - | - |
| F. Remington Sprague | Vice Chairman | Executive Board | - | - |
| Tricia A. Keith | Executive Vice President; Chief Operating Officer; President - Emerging Markets | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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