BLUE CROSS AND BLUE SHIELD OF SOUTH CAROLINA

Blue Cross and Blue Shield of South Carolina

Blue Cross and Blue Shield of South Carolina

Company Background

South Carolina-owned is the only operated health insurance carrier, BCBSSC has been offering security to Palmetto State citizens for more than 60 years.

BCBSSC offers the largest provider networks in the state, offering members the greatest choice in doctors, hospitals and other health care providers.

BCBSSC extensive menu of health plans, discounts, added values and online services means more choices for our members, with plans to fit every budget and lifestyle.

What you may not know is just how diverse our company is. There is a lot more to us than health insurance.

BCBSSC is one of South Carolina's largest employers, with offices throughout the state. BCBSSC also has offices in Georgia, Ohio and Texas. BCBSSC has a large family of subsidiary companies. Some offer insurance products, such as property, life and mental health and substance abuse benefits. We also have subsidiaries that administer contracts for the federal government. Some focus on technology. BCBSSC data center is ranked in the top 2.5 percent worldwide by IBM.

At all BCBSSC locations, BCBSSC are a major supporter of community and charitable causes. BCBSSC support health care-related research, education and service in South Carolina through the BlueCross BlueShield of South Carolina Foundation.

What Makes BCBSSC Stand Out Fron It's Competitors

All BCBSSC businesses are part of a matrix organization that combines a centralized strategic orientation with decentralized business and regional responsibilities. As global entrepreneurs, BCBSSC' Operating Groups are individually responsible for their worldwide businesses. Each Group has its own Executive Management, which is responsible for running Group business in accordance with company policies defined by the Managing Board of BCBSSC AG. The Operating Groups determine how their resources will be used. They develop their own strategies, manage their own assets and generate earnings in their respective market segments(Schmidt 2007).

The Groups' international activities are conducted via regional units, which are responsible for Group-related business and earnings in a particular country or countries. The regional units, in their capacity as regional entrepreneurs, implement target agreements, which they have concluded with the Operating Groups. (www.bcbs.com)

BCBSSC corporate structure is huge although very well organised. The Company has a two-tier management and oversight structure consisting of a Managing Board and a Supervisory Board. The Supervisory Board has twenty members. As stipulated by the German Co-determination Act, one-half of the Board's members represent Company shareholders, and one-half represent Company employees. Company employees and the supervisory board determine the managing board's employment and remuneration framework. The Annual Shareholders' Meeting elects the shareholder representatives. An assembly representing BCBSSC' employees in Germany elects the employee representatives. The two-tier system provides a strict separation of management and supervision and responsibilities are well defined by law. (Berkowitz 2008)

BCBSSC: VISION, STRATEGY & PRINCIPLES.

A company like BCBSSC with so many people, production sites, products and partners all over the world - needs a solid foundation of legal and ethical principles.

The corporate principles of BCBSSC shape the strategy, attitudes and actions ...