Health Care Service Corp - Company Profile

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Health Care Service Corp: Overview

Health Care Service Corp (HCSC) is a customer owned health insurance company. It provides a range of health and life insurance products and related service. The company offers products through its operating segments and subsidiaries, namely, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Oklahoma, Blue Cross and Blue Shield of New Mexico and Blue Cross and Blue Shield of Texas. Its health plans provide coverage for a number of procedures ranging from heart and bone marrow transplants to leukemia and cancer treatments. It is an independent licensee of the Blue Cross and Blue Shield Association. HCSC is headquartered in Chicago, Illinois, the US.

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Headquarters United States of America

Address 300 East Randolph Street, Chicago, Illinois, 60601


Telephone 1 800 6547385

No of Employees 26,000

Industry Financial Services

Revenue (2022) $50.1B

   

   

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Health Care Service Corp premium industry data and analytics

30+

Insurance Market Data Insights

Insight into market share and brand performance.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Health Care Service Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Health Insurance Life, Disability and Dental Solutions
Other Individual Solutions
Medical Policies Category:
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Plans/Strategy In February, the company announced its plans to acquire Cigna's Medicare business.
2022 Acquisitions/Mergers/Takeovers In October, the company acquired the US-based Trustmark Health Benefits.
2021 Corporate Changes/Expansions In August, the company launched its footprint in the Medicare Advantage market to serve more than 90 new counties.
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Competitor Comparison

Key Parameters Health Care Service Corp UnitedHealth Group Inc Elevance Health Inc 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 Chicago Hopkins Indianapolis Louisville Hartford
State/Province Illinois Minnesota Indiana Kentucky Connecticut
No. of Employees 26,000 400,000 102,300 67,100 -
Entity Type Private Public Public Public Private
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Executives
Name Position Board Since Age
Milton Carroll Chairman Executive Board - -
Maurice Smith President; Vice Chairman; Chief Executive Officer Executive Board 2020 -
James Walsh Chief Financial Officer; Senior Vice President Senior Management 2021 -
Mike Frank Senior Vice President; Chief Operating Officer Senior Management 2022 -
Arun Prasad Chief Strategy Officer; Senior Vice President Senior Management 2021 -
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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