Health Care Service Corporation

Health Care Service Corporation (HCSC) is the largest non-investor-owned health insurer in the United States and the fourth largest overall. Established in 1936, the company operates through its Blue Cross and Blue Shield® Plans in Illinois, Montana, New Mexico, Oklahoma, and Texas, serving nearly 14.7 million members. HCSC provides a diverse range of health and life insurance products, including group life, disability, and dental solutions, through its affiliates and subsidiaries. The company is committed to expanding access to high-quality, cost-effective health care and empowering its members with the necessary information to make informed healthcare decisions. HCSC has been a pioneer in offering coverage for advanced medical procedures and is currently focused on developing value-based care models that enhance collaboration among healthcare stakeholders. In addition to its insurance services, HCSC actively supports community well-being through charitable investments, volunteer efforts, and various community engagement initiatives. With a workforce of nearly 23,000 employees across over 60 local offices, HCSC aims to improve health outcomes and promote healthier lifestyles for its members and the communities it serves.

Andy Ashta

Executive Director

Kevin Cassidy

President, HCSC National Accounts

Opella Ernest

President of HCSC Markets

James Kadela

Senior Vice President and Controller

Clarita Santos

Executive Director of corporate and civic Partnerships

20 past transactions

Care Allies

Acquisition in 2024
CareAllies, Inc., will deliver the systems, capabilities and management services that providers need to be successful under a variety of value-based and risk-sharing models across the value-based reimbursement spectrum. CareAllies will offer services to help ease providers’ administrative burden across payers and can even help providers launch and manage their own health plans.

Headway

Series C in 2023
Headway is a mental healthcare system focused on providing affordable access to mental health services. It operates a virtual network of therapists who accept insurance and offer both video and in-person sessions that can be booked entirely online. This platform enables mental healthcare providers to expand their practices while allowing individuals to save on mental health sessions. By streamlining the process of accessing therapy, Headway aims to improve the overall accessibility and affordability of mental healthcare for users.

Montana Pediatrics

Grant in 2023
Montana Pediatrics provide urgent care video appointments Montana pediatricians with your doctor for high-quality seamless care.

Madison Strategies Group

Grant in 2023
Madison Strategies Group is a non-profit organization that provides innovative employment, education, and financial empowerment strategies.

Hunger Free Oklahoma

Grant in 2023
Hunger Free Oklahoma feeds children in Oklahoma schools who are currently unable to access federally-funded summer meal programs.

My Possibilities

Grant in 2023
My Possibilities is a nonprofit that provides adults with Down syndrome, autism, and other cognitive disabilities the chance to continue their education. They give people with cognitive disabilities the chance to continue their education, develop vocational skills, take advantage of socialization opportunities, develop trade skills, and develop independent living skills that give them the chance to live the life they deserve.

Cultivate Collective

Grant in 2023
Cultivate Collective is developing a community model where education, wellness, sustainability, and economic vitality work in harmony.

New Mexico Ramp Project

Grant in 2023
New Mexico Ramp Project provides no-cost ramps to low-income individuals across the state who are disadvantaged by mobility issues.

NAMI

Grant in 2023
NAMI is the National Alliance on Mental Illness, the nation’s largest grassroots mental health organization dedicated to building better lives for the millions of Americans affected by mental illness. NAMI advocates for access to services, treatment, supports and research and is steadfast in its commitment to raise awareness and build a community for hope for all of those in need. NAMI is the foundation for hundreds of NAMI State Organizations, NAMI Affiliates and volunteer leaders who work in local communities across the country to raise awareness and provide essential and free education, advocacy and support group programs.

Bonton Farms

Grant in 2023
Bonton Farms is a non-profit organization that provides fresh food options and support to residents by cultivating a vibrant and sustainable urban farm through innovative urban gardening techniques.

St. Vincent Healthcare Foundation

Grant in 2023
St. Vincent Healthcare Foundation raises awareness and reduces stigma associated with mental illness, especially among youth.

Encuentro NM

Grant in 2023
Encuentro NM supports low-income Latina immigrants in building skills to generate income in the home health.

ClearDATA

Series E in 2018
ClearDATA is a healthcare-focused company that provides a cloud computing platform and information security services specifically designed to protect sensitive health data. Headquartered in Austin, Texas, ClearDATA offers a HITRUST-certified cloud that ensures compliance and security for healthcare organizations using major public cloud platforms. Their comprehensive suite of solutions includes cloud security posture management, managed detection and response services, and a robust Business Associate Agreement (BAA), making it a trusted partner for organizations aiming to safeguard patient information. By enhancing data management and mitigating privacy risks, ClearDATA empowers healthcare providers to optimize their IT infrastructure, ultimately improving healthcare delivery and outcomes.

MDLIVE

Venture Round in 2018
MDLIVE is a telehealth provider that offers online and on-demand healthcare services, facilitating access to board-certified doctors through phone, video, and mobile applications. The company's cloud-based platform allows patients to engage in virtual consultations with medical professionals, ensuring a contagion-free environment for healthcare delivery. This approach enables efficient collaboration among patients, healthcare providers, and administrators while reducing the need for costly emergency room and urgent care visits for non-emergency situations. MDLIVE serves a diverse range of clients, including hospitals, employers, payers, and physician practice groups, streamlining the healthcare experience for all parties involved.

Cogitativo

Series A in 2017
Cogitativo is a machine learning enterprise offering world class solutions to hospitals, physicians, and payers. The company improves the healthcare system by helping our clients make sense of complex data so they can answer their most challenging questions. The company's data scientists come from leading academic institutions, which when combined with the company's healthcare experts, creates a rare and powerful resource of science, insights and solutions

Healthbox

Venture Round in 2014
Healthbox, founded in 2010 and based in Illinois, specializes in providing advisory services to healthcare organizations. The company focuses on developing innovative strategies and programs aimed at enhancing the delivery and quality of care. By leveraging their expertise, Healthbox assists clients in navigating the complexities of the healthcare landscape and achieving significant improvements in their service offerings.

MEDecision

Acquisition in 2008
MEDecision is a provider of digital care management services designed to enhance the operations of health plans and care delivery organizations. The company offers a range of modular healthcare management and data analysis solutions that connect the healthcare ecosystem to valuable data and insights. This integration enables clients to improve consumer engagement and experiences while creating operational efficiencies that help reduce costs and foster more effective care delivery. Through its collaborative health care management solutions, MEDecision aims to optimize the performance of its clients in the healthcare industry.
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