maurice smith hcsc salary

The pandemic's financial impact on insurers isn't clear yet. The average employee at HCSC makes $58,172 per year. Chairperson: Maurice Smith. Blue Cross Blue Shield of Illinois, Montana, New Mexico, Oklahoma . He also serves as Vice Chair of the HCSC Board of Directors. by Stephen Ondra. Legislators have a chance at another one, and should pass a bill to find a private developer to revive the historic Hotel Florence. The nation's sixth-largest health insurer cut "a few dozen" staffers late last yearfollowed by an additional 400 in Januaryand needs to step up growth to compete with rivals. He also had a hand in directing HCSC's subsidiaries, including its its largest, Dearborn National Life Insurance Company. HCSC execs collect pay hikes at Blue Cross parent - Modern Healthcare "Maurice brings to this role a broad perspective and deep understanding of our business and operations rooted in more than 20 years of experience across corporate finance, treasury, business development and subsidiary management," said Colleen Reitan, HCSC executive vice president and head of plan operations. Blue Cross Blue Shield of Illinois, Montana, New Mexico, Oklahoma & Texas | HCSC Engaged Employer Overview 2.8K Reviews 660 Jobs 4.7K Salaries 436 Interviews 1.2K Benefits 78 Photos 815 Diversity + Add a Review Blue Cross Blue Shield of Illinois, Montana, New Mexico, Oklahoma & Texas | HCSC Reviews Updated Apr 18, 2023 Filter by Topic Remote Work Click here to submit a Letter to the Editor, and we may publish it in print. Health Care Service Corp. bosses rake in the green Average HCSC Salary $58,172 yearly $27.97 hourly Updated March 16, 2023 $32,000 10% $58,000 Median $105,000 90% The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Since the late 1990s HCSC has been on a slow and steady growth path, acquiring and merging with other non-profit Blue Cross Blue Shield operations. I am honored to lead HCSC, a company that for more than 90 years has focused on innovation, execution and through the dedication of our nearly 24,000 employees helped expand access to quality, cost-effective health care to all Americans, Smith said in a statement. While an outgoing chief executive moving into a chairman role or a board member stepping in as interim CEO, like Lesar, often get pay bumps during transitional periods, sources say Carroll's arrangement is unusual for an outside director. Blue Cross and Blue Shield of Illinois (BCBSIL) is committed to expanding access to quality, cost-effective health care to as many people as possible in Illinois. The pandemic's financial impact on insurers isn't clear yet. [3] In 2010 HCSC nearly doubled its income to $1.09 billion, and began "a streak of billion-dollar profits for 4 straight years". Since the late 1990s HCSC has been on a slow and steady growth path, acquiring and merging with other non-profit Blue Cross Blue Shield operations. Steiner, who spent more than three decades at Blue Cross & Blue Shield companies, left after disagreeing with directors over long-term growth plans. We are more than a health care insurer and we are truly anchored in our purpose: to do everything in our power to stand by our members in sickness and in health. Blue Cross and Blue Shield of Texas is a division of HCSC, a Mutual . Maurice Smith, Health Care Service Corporation: $5,904,535 (up 62.75 percent) 10. While many healthcare providers believe that improving the patient financial experience is a critical step for their organization, few have done so successfully. Stephen Ondra donated Our estimates are verified against BLS, Census, and current job openings data for accuracy. Other Adobe accessibility tools and information can be downloaded at Subsidiaries to HCSC include Medecision. Revenue is also considered, but companies should be mindful that growth could result from higher prices, she says. Carroll's compensation "reflects the additional time, effort, focus and input during this time of transition.". Ventas Appoints Maurice Smith, CEO of HCSC, to Board of Directors To provide products and services of the highest quality and value with a direct focus on meeting the needs of customers. 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. CHICAGO Blue Cross and Shield of Illinois (BCBSIL), a division of Health Care Service Corporation (HCSC), today announced Stephen Harris has been named the new Illinois president. Zippia gives an in-depth look into the details of HCSC, including salaries, political affiliations, employee data, and more, in order to inform job seekers about HCSC. All Rights Reserved. The middle management roles will be eliminated to reduce organizational redundancy and improve decision-making efficiency, according to HCSC spokesman Greg Thompson in an email to the Chicago Sun-Times. With unemployment skyrocketing in the wake of anti-contagion measures that have essentially locked down the economy, HCSC could see enrollment in its employer-based insurance plans drop. One option is Adobe Reader which has a built-in screen reader. "Karen brings the expertise necessary to focus on taking our service and technology capabilities to the next level as we continue to expand access to cost-effective health coverage," said HCSC CEO Patricia Hemingway Hall. 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. He's not the only high-level connection linking HCSC and the Houston-based energy industry giant. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. I am honored to lead HCSC, a company that for more than 90 years has focused on innovation, execution and through the dedication of our nearly 24,000 employees helped expand access to quality, cost-effective health care to all Americans, said Maurice Smith. Stephen Harris Named Blue Cross and Blue Shield of Illinois - BCBSIL Greg Thompson He's not the only high-level connection linking HCSC and the Houston-based energy industry giant. And claims for deferred elective surgeries could pour in later this year or early in 2021, depending on when such procedures resume. Some of the most common performance metrics that health insurance companies use to determine executive compensation are enrollment, market share and customer satisfaction, says Judy Canavan, leader of BDO's compensation surveys practice. She previously served as HCSC's Chief Financial Officer of Government Programs where she was responsible for the comprehensive financial analysis for the government product lines for both Medicare and Medicaid, including financial planning and analysis, actuarial pricing, risk adjustment and revenue management. "Nobody is holding them accountable so, realistically, they can do whatever they want.". With unemployment skyrocketing in the wake of anti-contagion measures that have essentially locked down the economy, HCSC could see enrollment in its employer-based insurance plans drop. In fact, HCSC's 2019 payouts come at a time of great uncertainty for health insurance companies. The site may also contain non-Medicare related information. While an outgoing chief executive moving into a chairman role or a board member stepping in as interim CEO, like Lesar, often get pay bumps during transitional periods, sources say Carroll's arrangement is unusual for an outside director. We will continue to take action to focus and execute on a strategy that will propel this exciting and innovative company into the next phase of its evolution, while providing long-term value to customers, medical and other health care providers, employees and other partners in the dynamic health care industry.. As President and CEO, Maurice Smith drives HCSC's overall strategic direction, including its long-term growth strategy. Have an opinion about this story? The Writers Guild of America said its 11,500 unionized screenwriters will walk the picket line Tuesday. Anthem reported $104.2 billion in revenue last year and Humana booked $64.9 billion, compared with $38.6 billion for HCSC. "On behalf of the entire Board of Directors, I am pleased that Maurice will lead HCSC at this critical time for the company and our country as we continue to work through the challenges of the COVID-19 pandemic," said David Lesar. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. Carroll collected $930,347 in 2018, after getting nearly $5 million in each of the two previous years as part of a deal to oversee the leadership transition when Steiner succeeded Hall. Smith, who has been with HCSC for more than two decades, has served as president of its . This new site may be offered by a vendor or an independent third party. File is in portable document format (PDF). The oldest company is HCSC, founded in 1936. Maurice Smith is a President/CEO at Health Care Service Corporation; Board Member at VENTAS, INC.; and Board Member at ROOSEVELT . Working At HCSC: Employee Reviews And Culture - Zippia I am honored to lead HCSC, a company that for more than 90 years has focused on innovation, execution and through the dedication of our nearly 24,000 employees helped expand access to quality, cost-effective health care to all Americans, said Maurice Smith. . books, conferences, travel to present research, etc.) In her former role as Executive Vice President, Chief Operating Officer, Opella transformed HCSC's customer and provider experience through advancements in technology and innovation. Our IT team unleashes the power of this purpose through technology. HCSC's membership was approximately 16 million at December 31, 2019. In addition, some sites may require you to agree to their terms of use and privacy policy. greg_thompson@hcsc.net, A Division of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association. 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