Blue Shield of California takes in $6 billion in annual revenue. :: Health-Informant.com

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Blue Shield of California takes in $6 billion in annual revenue.
Added: 03/03/2004 Type: Summary Viewed: 800 time(s) [ Not Rated Yet ]

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Blue Shield of California takes in $6 billion in annual revenue.

Research and Markets announces the addition of the Blue Shield of California Business Intelligence Report to its offerings.

Blue Shield of California, with 2.7 million members and $6 billion in annual revenue, is the states third largest health plan. Blue Shield reported 2002 net income of $143 million on revenue of $4.6 billion, up 133% from net income of $61 million on revenue of $4.4 billion in 2001. As a not-for-profit health plan, Blue Shield is guided by its mission and values, which encourage innovation and enable it to be a catalyst for constructive change.

Blue Shields mission and values are embodied in its proposal to guarantee health coverage for all Californians, the first time a major health plan has called for universal coverage. Blue Shield will serve an additional 500,000 Californians under a $10 billion award made in 2003 by the U.S. DoD to TriWest Healthcare Alliance to provide healthcare services to U.S. military personnel and their dependents in the Western U.S. under the TRICARE program. Blue Shield was named the sole statewide network-model HMO for CalPERS after a competitive process in 2002.

Blue Shield needed to build an infrastructure that could enroll and manage up to 460,000 new members. Blue Shield also became the nations first health plan to divide its hospital network into categories based on cost and quality for all its individual, family and small-to-midsize group members.

This BusIntell Report provides Industry Overview/Trends, Company Overview, Corporate Strategy (including Strengths/Weaknesses), Internet Activities, Company Executives, Financial and Membership Information, detailed Lines of Business, and Sources.

For a complete index of this report click on http://www.researchandmarkets.com/reports/45836

About Research and Markets Ltd.
Research and Markets Ltd. are Europe's largest resource for market research. R&M distribute thousands of major research publications from the world's leading publishers, consultants and market analysts. R&M provide you with the latest forecasts on international and regional markets, key industries, the top companies, new products and the latest market trends.

For additional information on ResearchandMarkets.com, their range of reports or their value-added services, visit their web site at http://www.researchandmarkets.com or mailto:press@researchandmarkets.com

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