HCSC to lay off dozens of employees after exec exits

Health Care Service Corp., the parent company of Blue Cross Blue Shield plans in five states, will lay off dozens of employees on the heels of several C-level exits, according to Crain's Chicago Business.

The job cuts will affect a few dozen middle-management positions including vice president roles, HCSC's spokesperson Greg Thompson told Crain's. The exact number of layoffs wasn't disclosed. The company has 23,000 employees.

Mr. Thompson told Crain's the "changes will prepare us to meet new opportunities to best serve our members and will have no impact on member or provider service staffing levels, which increased in 2019 and will continue to expand in 2020."

The announcement comes six months after HCSC's CEO Paula Steiner stepped down. This year, HCSC also lost its CFO, CIO, chief human resources officer and board director.

More articles on payers:
Cigna sells group insurance unit for $6.3B
Former UnitedHealth CEO's insurance company has raised $1B+
Ex-BCBS Association CMO to head up innovation at prior authorization company

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers