September 19, 2014 11:26 AM ET

Insurance

Company Overview of Blue Cross and Blue Shield of Texas, Inc.

Company Overview

Blue Cross and Blue Shield of Texas, Inc. provides health care insurance coverage to consumers and employers in Texas. It offers coverage options, such as individual and family plans, Medicare and retirement, and employer-offered plans. Blue Cross and Blue Shield of Texas, Inc. has a strategic alliance with Texas Health Resources Inc. The company was founded in 1929 and is headquartered in Richardson, Texas with regional offices in Houston, Austin, and Lubbock; and customer service facilities in Abilene, Marshall, Richardson, San Angelo, Waco, and Wichita Falls. Blue Cross and Blue Shield of Texas, Inc. operates as a subsidiary of Health Care Service Corporation.

1001 East Lookout Drive

Richardson, TX 75082

United States

Founded in 1929

Phone:

972-766-6900

Fax:

972-766-6234

Key Executives for Blue Cross and Blue Shield of Texas, Inc.

Chief Executive Officer
President
Age: 59
Chief Financial Officer
Age: 56
Vice President of Individual Marketing and Sales and Vice President of the Texas Division
Chief Medical Officer and Vice President
Compensation as of Fiscal Year 2014.

Blue Cross and Blue Shield of Texas, Inc. Key Developments

Tenet and Blue Cross and Blue Shield of Texas Sign Multi-Year Agreement

Tenet Healthcare Corporation and Blue Cross and Blue Shield of Texas (BCBSTX) have extended their agreement providing BCBSTX members access to in-network care at all of Tenet's hospitals and outpatient centers in Texas. The agreement also completes the first step toward implementing the previously announced statewide accountable care organization (ACO), which is expected to launch January 1, 2015. The ACO is a collaboration between BCBSTX and Tenet's clinically integrated organizations in Texas with the goal of improving the long-term health and wellbeing of BCBSTX members. Tenet currently has 12 ACOs nationally, covering more than 330,000 lives in nine states.

Blue Cross and Blue Shield of Texas, Inc. Collaborates with Tenet Healthcare Corp. on ACO Model

Blue Cross and Blue Shield of Texas, or BCBSTX, and Tenet Healthcare Corporation have collaborated to offer a statewide accountable care organization, or ACO, model to deliver improved, sustainable patient care and help manage costs through Tenet's Integrated Care Networks. The collaboration is planned to be available to BCBSTX PPO commercial patients at any of Tenet's Texas hospitals with an Integrated Care Network beginning Jan. 1, 2015. The agreement may be expanded to include health insurance marketplace patients over the life of the agreement. Tenet's Texas Integrated Care Networks currently include South Texas Care Connect in San Antonio, Physician Performance Network of Houston and the Sierra Providence Physician Performance Network in El Paso.

Blue Cross Blue Shield of Texas Appoints Jack Towsley as Divisional Senior Vice President for Texas Health Care Delivery segment

Blue Cross and Blue Shield of Texas (BCBSTX) appointed Jack Towsley as Divisional Senior Vice President for the company's Texas Health Care Delivery segment. Towsley will be responsible for all local network strategy for BCBSTX, including contract negotiations for new value-based care models and development and delivery of ancillary contracting. Towsley most recently served as Senior Vice President, Payor Relations for Health Management Associates, Inc. Towsley brings more than 20 years of experience in direct oversight for managed care organizations, alternative payment methodologies, provider relations, contracting and data analytics.

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