Health Care Service Corporation

Chicago, United States Founded: 1936 • Age: 90 yrs
Mutual health carrier
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About Health Care Service Corporation

Health Care Service Corporation is a company based in Chicago (United States) founded in 1936.. Health Care Service Corporation has completed 7 acquisitions, including CareAllies, Cerecons and Medecision. Health Care Service Corporation offers products and services including Health Insurance Plans, Medicare Services, and Community Investments. Health Care Service Corporation operates in a competitive market with competitors including Blue Cross Blue Shield of Michigan, Blue Shield of California, Medical Mutual of Ohio, BCBSAssociation and BCBSKS, among others.

  • Headquarter Chicago, United States
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Health Care Service Corporation A Mutual Legal Reserve Company
Operational Areas
Financial Services → Insurance & Risk Management
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
    CareAllies

    & 6 more

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Products & Services of Health Care Service Corporation

Health Care Service Corporation offers a comprehensive portfolio of products and services, including Health Insurance Plans, Medicare Services, and Community Investments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Provides coverage and access to quality healthcare for individual members.

Offers Medicare plans and care solutions for eligible individuals.

Supports health initiatives and community development efforts.

People of Health Care Service Corporation
Headcount 10000+
Employee Profiles 455
Employee Profiles
People
Maurice Smith
President, CEO & Vice Chair
People
Monica Berner
Senior Vice President, HCSC Markets, Group & Individual Family Markets
People
Kevin M. Cassidy
President, HCSC National Accounts
People
Jill Wolowitz
EVP, Chief Administrative Officer

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Funding Insights of Health Care Service Corporation

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investments & Acquisitions by Health Care Service Corporation

Health Care Service Corporation has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include CareAllies, Cerecons and Medecision. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Accountable care solutions are provided to healthcare providers by CareAllies.
2016
Modular houses are erected through specialized construction services.
1999
Cloud-based care coordination solutions are provided for healthcare providers.
1988
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Health Care Service Corporation

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Health Care Service Corporation Comparisons

Employees
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Competitors of Health Care Service Corporation

Health Care Service Corporation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue Cross Blue Shield of Michigan, Blue Shield of California, Medical Mutual of Ohio, BCBSAssociation and BCBSKS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Operates as a mutual health insurance carrier providing comprehensive coverage.
domain founded_year HQ Location
Health insurance is offered online to individuals and businesses.
domain founded_year HQ Location
Operates as a mutual health insurance provider for individuals and families.
domain founded_year HQ Location
Health insurance is provided via a mutual carrier model.
domain founded_year HQ Location
BCBSKS operates as a mutual insurance carrier, offering reliable coverage solutions.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Health Care Service Corporation

Frequently Asked Questions about Health Care Service Corporation

When was Health Care Service Corporation founded?

Health Care Service Corporation was founded in 1936.

Where is Health Care Service Corporation located?

Health Care Service Corporation is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.

Who is the current CEO of Health Care Service Corporation?

Paula Steiner is the current CEO of Health Care Service Corporation.

What does Health Care Service Corporation do?

Health Care Service Corporation was established in 1936 in Chicago, United States, as a mutual health carrier. Health insurance plans are offered to individuals, families, and groups across multiple states in the Midwest and South. Operations center on administering coverage for medical services, including hospital and physician benefits. The company functions without external shareholders, prioritizing member interests under the leadership of CEO and President Paula Steiner.

Who are the top competitors of Health Care Service Corporation?

Health Care Service Corporation's top competitors include Blue Shield of California, BCBSAssociation and Blue Cross Blue Shield of Michigan.

What products or services does Health Care Service Corporation offer?

Health Care Service Corporation offers Health Insurance Plans, Medicare Services, and Community Investments.

How many acquisitions has Health Care Service Corporation made?

Health Care Service Corporation has made 7 acquisitions, including CareAllies, Cerecons, and Medecision.

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