PROFILE |
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If an apple a day kept the doctor away, Blue Cross and Blue Shield of Texas (BCBST) would play the Serpent to each of its more than 2.8 million customers. A division of Chicago-based Health Care Service Corporation (formerly Blue Cross Blue Shield Illinois), the not-for-profit insurer emphasizes preventive medicine to hold down the costs of operating its HMO, PPO, point-of-service, and indemnity insurance health care plans in Texas. BCBST sold its Medicare administration subsidiary to Blue Cross and Blue Shield of South Carolina; it then bought Aetna's NYLCare Texas HMO (now HMO Blue Texas), making it among the largest health insurers in Texas.
COMPETITION |
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Aetna Inc. (AET)
Prudential Financial (dossier)
UnitedHealth Group Incorporated (UNH)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 2,000.00
1-Yr. Sales Growth: (8.7)%
Employees: 5,100
Revenue per employee: $392,156.86
KEY PEOPLE |
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Pat Hemingway Hall
CEO
Sherman M. Wolff
CFO
CONTACT INFO |
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901 S. Central Expwy.
Richardson, TX 75080
US
Phone: 972-766-6900
Fax: 972-766-6234
Online: Web Site
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