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Corporation
FINANCE | Insurance / Health Insurance
hcsc.net

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Investments

4

Portfolio Exits

3

Partners & Customers

2

About Health Care Service Corporation

Health Care Service Corporation is the largest customer-owned health insurer in the United States and fourth largest overall, Health Care Service Corporation (HCSC) operates through its Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma, and Texas, and several subsidiaries to offer a variety of health and life insurance products and related services to employers and individuals. The company's products include the Participating Provider Option (PPO), Health Maintenance Organization (HMO), Point of Service (POS) plan, High Deductible Health Plans that are compatible with Health Savings Accounts (HSA) and Health Care Accounts (HCA) as well as traditional indemnity and Medicare Supplemental plans. We also offer, through some employer-sponsored health plans, vision, dental, managed mental health, and prescription drug coverage. In addition, through our subsidiaries we offer life insurance products and an array of fixed annuities.

Health Care Service Corporation Headquarter Location

300 East Randolph Street

Chicago, Illinois, 60601-5099,

United States

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Health Care Service Corporation Web Traffic

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Latest Health Care Service Corporation News

Health Care Service Corporation Joins CivicaScript™ to Make Lower-Cost Generic Medicines Available to Its Members

May 23, 2022

CivicaScript partners now represent nearly 120 million lives; goal is to make quality generic medicines affordable and available for everyone May 23, 2022 08:00 AM Eastern Daylight Time LEHI, Utah & CHICAGO--( BUSINESS WIRE )--CivicaScript, which is dedicated to bringing lower-cost generic medicines to U.S. consumers, and Health Care Service Corporation (HCSC), the nation’s largest customer-owned health insurer, announced today that HCSC is joining CivicaScript as a founding member. The partnership will make CivicaScript medicines available to members of the Blue Cross and Blue Shield (BCBS) health plans in Illinois, Montana, New Mexico, Oklahoma and Texas, which cover a total of nearly 17.5 million lives. “Our mission is straightforward: to make quality generic medicines affordable and available for everyone,” said CivicaScript President Gina Guinasso. “We are thrilled to have HCSC as a founding member and partner in our commitment to putting people first by lowering the cost of high-priced generic medicines.” While many generic medicines cost less than brand-name drugs, some high-cost generics are more expensive than they need to be due to lack of competition in the market. Numerous studies confirm that medication costs can dictate whether patients ration their prescriptions or even fill them in the first place. CivicaScript and its members are intent on addressing that problem. “The CivicaScript partnership is reflective of HCSC’s commitment to fundamentally improve the value proposition of pharmacy benefits by delivering more value to our members,” said Jill Firch, HCSC division senior vice president, Pharmacy. “Bringing effective, lower-cost generic prescription medications to the market and directly to consumers in hospital and retail pharmacies will significantly lower costs and improve access for our members.” CivicaScript was created to bring affordable versions of common but high-priced generic medicines to market. Its model is to develop quality generic medicines with its trusted manufacturing partners, then work with payors, PBMs, and pharmacies across the country that agree to pass along the cost savings to their customers. The BCBS health plans in Illinois, Montana, New Mexico, Oklahoma, and Texas have decades of providing health care services to members in every ZIP code in the markets in which it operates. As a founding member of CivicaScript, HCSC will have a governance role with the organization. HCSC joins the Blue Cross Blue Shield Association (BCBSA) and 18 independent and locally operated Blue Cross and Blue Shield (BCBS) companies as CivicaScript members. Combined, these partners represent nearly 120 million lives. CivicaScript will initially develop and manufacture six to 10 medicines for which there is currently not enough market competition to drive down price. Its first medication is expected to be available in the U.S. this summer. About CivicaScript CivicaScript is the Civica, Inc. operating unit dedicated to lowering the cost of select high-cost generic medicines at the pharmacy counter. Using a cost-plus and price transparent model, CivicaScript, with its founding members including Blue Cross Blue Shield Association (BCBSA) and 18 independent BCBS health plans, Anthem and others, will further transform the supply chain to lower the cost of prescription medicines to ensure that consumers benefit from these medicines at a fraction of their current cost. CivicaScript is a statutory public benefit company that is committed to the principles of providing sustainable, affordable, essential, generic medications in a manner that promotes the social welfare and health of the community. About Health Care Service Corporation Health Care Service Corporation is the country's largest customer-owned health insurer, with nearly 17.5 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. Contacts

Health Care Service Corporation Investments

4 Investments

Health Care Service Corporation has made 4 investments. Their latest investment was in ClearDATA as part of their Series E on September 9, 2018.

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Health Care Service Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/27/2018

Series E

ClearDATA

$26M

Yes

6

8/1/2018

Series E

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$99M

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10

9/21/2017

Series A

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$99M

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10

4/18/2014

Series B

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$99M

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10

Date

9/27/2018

8/1/2018

9/21/2017

4/18/2014

Round

Series E

Series E

Series A

Series B

Company

ClearDATA

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Amount

$26M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

6

10

10

10

Health Care Service Corporation Portfolio Exits

3 Portfolio Exits

Health Care Service Corporation has 3 portfolio exits. Their latest portfolio exit was MDLIVE on February 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/26/2021

Acquired

2

3/4/2018

Acquired

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10

9/1/2017

Acquired - II

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10

Date

2/26/2021

3/4/2018

9/1/2017

Exit

Acquired

Acquired

Acquired - II

Companies

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Valuation

Acquirer

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Sources

2

10

10

Health Care Service Corporation Acquisitions

3 Acquisitions

Health Care Service Corporation acquired 3 companies. Their latest acquisition was Lovelace Health Plan on November 12, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/12/2013

$99M

Acquired

1

10/10/2008

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$99M

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0

8/13/2008

Other Venture Capital

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$99M

$99M

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0

Date

11/12/2013

10/10/2008

8/13/2008

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

0

0

Health Care Service Corporation Partners & Customers

2 Partners and customers

Health Care Service Corporation has 2 strategic partners and customers. Health Care Service Corporation recently partnered with Collective Health on March 3, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

3/23/2021

Partner

United States

Health Care Service Corporation and Collective Health Announce Plans to Deliver Streamlined, Digital Health Care Experience at Scale.

CHICAGO and SAN FRANCISCO -- Today , Health Care Service Corporation and Collective Health are announcing a strategic relationship to deliver a seamless digital platform to help employers and members identify , navigate , understand and pay for the diverse services that meet their evolving health care needs .

1

11/5/2018

Licensor

United States

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10

Date

3/23/2021

11/5/2018

Type

Partner

Licensor

Business Partner

Country

United States

United States

News Snippet

Health Care Service Corporation and Collective Health Announce Plans to Deliver Streamlined, Digital Health Care Experience at Scale.

CHICAGO and SAN FRANCISCO -- Today , Health Care Service Corporation and Collective Health are announcing a strategic relationship to deliver a seamless digital platform to help employers and members identify , navigate , understand and pay for the diverse services that meet their evolving health care needs .

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Sources

1

10

Health Care Service Corporation Team

1 Team Member

Health Care Service Corporation has 1 team member, including former Senior Vice President, Carolyn Dawson.

Name

Work History

Title

Status

Carolyn Dawson

Senior Vice President

Former

Name

Carolyn Dawson

Work History

Title

Senior Vice President

Status

Former

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