Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043362283 ✦ Boston, MA ✦ Designated as a 501(c)(4)

Overview

What is Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc?

Blue Cross Blue Shield of Massachusetts HMO Blue is a health maintenance organization that offers medical and other health benefits to its members. Through contracts with hospitals, physicians, nursing homes, and other healthcare providers, the company delivers essential hospitalization, medical, and additional health benefits to its members. Blue Cross Blue Shield of Massachusetts HMO Blue's mission revolves around providing health maintenance organization services and supplementary programs for the advantage of its members.


Official website here: www.bluecrossma.com

Is Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc legitimate?

Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $198,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,210,955

For more financial information, click here


Official website here: www.bluecrossma.com

What is the mission statement of Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc?

Blue Cross Blue Shield of Massachusetts HMO Blue Inc is a health maintenance organization that offers medical and various other health benefits to its members. The company provides these benefits through contracts with hospitals, physicians, nursing facilities, and other healthcare providers. Their mission is to offer health maintenance organization services and supplementary programs, focusing primarily on the provision of hospitalization and medical benefits for their members. Blue Cross Blue Shield of Massachusetts HMO Blue Inc aims to enhance the wellbeing of its members by ensuring they have access to essential healthcare services. They facilitate health contracts with healthcare professionals and institutions to ensure their members receive comprehensive medical care when needed.


Official website here: www.bluecrossma.com

What is the revenue of Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc?

Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc's revenue in 2022 was $5,527,610,698.


Official website here: www.bluecrossma.com

Who are the executives of Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc and what are their salaries?

The average compensation at Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc during 2022 was $1,017,088. There are 141 employees at Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc.

Here are 18 key members and their salaries (Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc's CEO's salary is $0 and their total compensation is $2,356,716):

    Andrew Dreyfus (Director, President & Ceo)
  • Compensation: $0
  • Related: $5,643,230
  • Other: $1,717,914

    • Andreana Santangelo (Director, Evp & Cfo)
  • Compensation: $0
  • Related: $2,928,587
  • Other: $1,066,698

    • Richard Lynch (Director, Svp & Coo)
  • Compensation: $0
  • Related: $2,410,079
  • Other: $769,510

    • Stephanie Lovell (Former Chief Legal Officer)
  • Compensation: $0
  • Related: $2,114,580
  • Other: $635,257

    • Sarah Iselin (President & Ceo-Elect)
  • Compensation: $0
  • Related: $2,343,462
  • Other: $13,254

    • Linda Williams (Svp & Chief Audit Executive)
  • Compensation: $0
  • Related: $926,345
  • Other: $282,101

    • Donald Savery (General Counsel And Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $899,249
  • Other: $179,894

    • Michael Gurriere (Svp & Chief Actuary)
  • Compensation: $0
  • Related: $793,254
  • Other: $92,922

    • Anthony Criscuolo (Vp Of Treasury And Investments)
  • Compensation: $0
  • Related: $608,762
  • Other: $102,342

    • Alona Abalos (Vice President & Asst. Clerk)
  • Compensation: $0
  • Related: $426,444
  • Other: $65,348

    • Joseph Schwartz (Physician Reviewer)
  • Compensation: $88,174
  • Related: $196,219
  • Other: $26,520

    • Richard Lewis (Physician Reviewer)
  • Compensation: $87,465
  • Related: $194,680
  • Other: $17,765

    • Louis Caieiro (Client Relationship Manager)
  • Compensation: $5,741
  • Related: $267,635
  • Other: $16,882

    • Katiuscia Potier (Assistant General Counsel)
  • Compensation: $83,928
  • Related: $185,937
  • Other: $17,097

    • Kerim Munir (Psychiatrist)
  • Compensation: $88,685
  • Related: $180,875
  • Other: $13,565

    • Mark Collura (Assistant Treasurer)
  • Compensation: $93,488
  • Related: $140,232
  • Other: $18,035

    • Enrico Giammarco (Assistant Treasurer)
  • Compensation: $90,855
  • Related: $136,284
  • Other: $17,217

    • Dorothy Puhy (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $138,140
  • Other: $0


  • Official website here: www.bluecrossma.com

    Where can I find the form 990 for Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc?

    The Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bluecrossma.com

    Learn more at the official website: www.bluecrossma.com

    Mission Statement of Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc

    Blue Cross Blue Shield of Massachusetts HMO Blue, a health maintenance organization, is dedicated to delivering medical and additional health benefits to its members through agreements with hospitals, doctors, nursing homes, and other healthcare providers. This organization offers comprehensive health maintenance services and supplementary programs, focusing primarily on hospitalization and medical coverage, to enhance the wellbeing of its members.

    By establishing contracts with a vast network of healthcare professionals and institutions, Blue Cross Blue Shield of Massachusetts HMO Blue ensures that its members have access to a wide range of essential healthcare services. The organization prides itself on its mission to provide quality health benefits, ultimately improving the overall health and well-being of its members. The company's commitment to securing contracts with diverse healthcare providers enables members to receive the care they need, whenever and wherever it is required.

    Blue Cross Blue Shield of Massachusetts HMO Blue stands as a trusted partner in the healthcare sector, providing its members with the necessary resources and support to maintain their health. Through its extensive network and service offerings, the organization empowers individuals to make informed decisions about their health, ultimately contributing to better health outcomes. With a strong focus on hospitalization and medical coverage, Blue Cross Blue Shield of Massachusetts HMO Blue is a valuable resource for those seeking reliable and comprehensive healthcare solutions.

    Impact

    This information is meant to be a general summary of Blue Cross Blue Shield Of Massachusetts Hmo Blue Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Blue Cross Blue Shield of Massachusetts HMO Blue Inc has a significant impact on the healthcare landscape in Massachusetts. As a health maintenance organization, it plays a crucial role in providing medical and health benefits to its members through contracts with various healthcare providers such as hospitals, physicians, and nursing homes. By offering a range of services and programs focused on hospitalization, medical care, and other health benefits, the company contributes to the overall well-being and healthcare access of its members. Additionally, its presence helps in ensuring that individuals have access to essential healthcare services when needed, thereby promoting better health outcomes and overall quality of life for the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $94,694,339
  • Program Service Revenue: $5,432,916,359
  • Gross Receipts: $5,932,174,231

    • Assets and Liabilities:
  • Total Assets: $3,083,661,495
  • Total Liabilities: $943,145,098
  • Net Assets: $2,140,516,397
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PREMIUMS EARNED

    Revenue

    $5,432,916,359

    Organization Details

    Founding Year

    2005

    Main Address

    101 HUNTINGTON AVE 1300, BOSTON, MA, 02199

    NTEE Category

    Code: Z99 - Unknown

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