HCSC

HCSC

Health insurance provider in multiple states

About HCSC

Simplify's Rating
Why HCSC is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Financial Services

Healthcare

Company Size

N/A

Company Stage

N/A

Total Funding

$511.7M

Headquarters

Chicago, Illinois

Founded

1936

Overview

HCSC is a health insurance provider that operates in Illinois, Montana, New Mexico, Oklahoma, and Texas. The company offers a variety of health insurance plans designed for individuals, families, and businesses, ensuring that different healthcare needs are met. HCSC generates revenue through premiums paid by its members and focuses on delivering quality care. The company also invests in health and wellness programs aimed at reducing overall healthcare costs and improving the health outcomes of its members. With nearly a century of experience, HCSC stands out from its competitors by emphasizing compassion and a commitment to innovation in the healthcare sector.

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Simplify's Take

What believers are saying

  • HCSC's acquisition of Cigna's Medicare businesses expands its reach in the Medicare market.
  • The new Houston office will create job opportunities and drive economic growth.
  • HCSC's investment in Solera Health enhances digital health access and integration.

What critics are saying

  • Increased competition from digital health platforms could lead to market cannibalization.
  • The acquisition of Cigna's businesses may expose HCSC to regulatory scrutiny.
  • Opening a new office in Houston could lead to increased operational costs.

What makes HCSC unique

  • HCSC operates in five states, offering tailored health insurance plans.
  • The company invests in health and wellness programs to reduce healthcare costs.
  • HCSC has nearly a century of experience in the health insurance industry.

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Funding

Total Funding

$511.7M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Paid Parental Leave

Disability Insurance

Supplemental Life Insurance

Employee Assistance Program

Tuition Reimbursement

Professional Development Budget

Company News

HCSC
Feb 3rd, 2025
Newsroom | Community Health

Health Care Service Corporation invested in Pullman Tech Workshop with a grant to help continue its advanced workforce training program and purchase new supplies, including a table saw designed to lock immediately if a finger or body part contacts the blade.

Benzinga
Jan 14th, 2025
Solera Health Secures $40M for Expansion

Solera Health announced $40 million in new funding co-led by Health Care Service Corporation, Adams Street, Cobalt Ventures, and Horizon Mutual Holdings. The funding will expand Solera's HALO platform, including the HALO Cloud, to enhance digital health access and integration. John Santelli, former UHG CIO, becomes CEO. The investment supports Solera's mission to improve healthcare access and reduce costs. Recent achievements include product expansions and a strategic partnership with Aon.

HCSC
Nov 25th, 2024
Newsroom | News Releases

New Mexico is the third state where HCSC has launched the expanded Maternal and Infant Health Initiative.

HCSC
Aug 30th, 2024
Newsroom | Company News

Gen Z names HCSC a top company to work for.

PR Newswire
May 15th, 2024
Health Care Service Corporation Is Expanding In Texas

New Houston Office to Open in 2025CHICAGO, May 15, 2024 /PRNewswire/ -- Health Care Service Corporation is advancing its strategy to expand into neighborhoods where it can benefit from the skilled workforce in those communities and drive economic growth. The company has leased a 132,000 sq ft office building in Southwest Houston, Texas and will be creating opportunities to offer jobs in the local community.Health Care Service Corporation Is Expanding in Texas: New Houston Office to Open in 2025 Post this"We take a broad view of what it means to be healthy. Our commitment to expanding access to whole person health with compassion and innovation means that we consider the economic impact we make in our communities," said Opella Ernest, M.D., President, HCSC Markets. "As we grow our business, we are making intentional investments to create job opportunities that can benefit local residents and empower them to reinvest in the areas where they live."The new Houston location is at 8101 W. Sam Houston Parkway South. Buildout is expected to be completed as soon as January 2025.The new Houston site will be HCSC's latest expansion creating opportunities for individuals and businesses in the communities it serves

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