The Health Care Financing Administration (Balti more) notified the company in December that its contract was in jeopardy because of its planned acquisition by Blue Cross Blue Shield of Illinois (BCBSIL; Chicago).
Health insurer aims to revolutionize online healthcare CHICAGO -- Health Care Service Corporation (HCSC), which operates Blue Cross Blue Shield of Illinois, New Mexico, Oklahoma and Texas, has engaged Maddock Douglas in multiple projects as part of a large-scale innovation initiative.
The FSRs of A+ (Superior) and ICRs of "aa-" have been affirmed for the following affiliates of Health Care Service Corporation, a Mutual Legal Reserve Company: * Fort Dearborn Life Insurance Company * HCSC Insurance Services Company * HMOs of Blue Cross Blue Shield of Illinois * Health Care Service Corporation HMO-Texas The FSRs of A (Excellent) and ICRs of "a+" have been affirmed for the following affiliates of Health Care Service Corporation, a Mutual Legal Reserve Company: * Fort Dearborn Life Insurance Company of New York * GHS Health Maintenance Organization The FSR of A- (Excellent) and ICR of "a-" have been affirmed for GHS Property and Casualty Insurance Company, a subsidiary of Health Care Service Corporation, a Mutual Legal Reserve Company.
The FSRs have been upgraded to A (Excellent) from B++ (Very Good) for the following subsidiaries of Health Care Service Corporation: --GHS Health Maintenance Organization --Member Service Life Insurance Company The FSRs have been affirmed at A+ (Superior) for the following subsidiaries of Health Care Service Corporation: --Health Care Service Corporation --Fort Dearborn Life --Health Care Service Corporation - HMO Texas --HMOs of Blue Cross Blue Shield of Illinois The FSRs have been affirmed at A (Excellent) for the following subsidiaries of Health Care Service Corporation: --Colorado Bankers Life Insurance Company --HMO New Mexico A.
The financial strength ratings have been upgraded to A+ (Superior) from A (Excellent) for Health Care Service Corporation and its following affiliates: --Fort Dearborn Life Insurance Company --HMOs of Blue Cross Blue Shield of Illinois --Health Care Service Corporation HMO Texas The financial strength rating has been upgraded to A (Excellent) from A- (Excellent) for Colorado Bankers Life Insurance Company.
This Medical Policy change also applies to ON-Q under Blue Cross Blue Shield of Illinois and Blue Cross Blue Shield of New Mexico policies and is primarily applicable in ambulatory surgery centers, but may have limited application for certain cases in hospitals.
The agreement gives Blue Cross Blue Shield of Illinois and Blue Cross Blue Shield of New Mexico, divisions of HCSC, access to several Care Guidelines products, some of which are fully integrated with their software systems by MEDecision.
Strahan was formerly Director of Electronic Commerce Strategy at Blue Cross Blue Shield of Illinois where he directed the development of an e-commerce infrastructure and was responsible for integrating the operations of acquired companies.
