CHICAGO, IL- Health Care Service Corporation (HCSC) today named Maurice Smith as President of Blue Cross and Blue Shield of Illinois (BCBSIL). Smith succeeds Karen Atwood, who was promoted to a new position over service and technology for HCSC’s multi-state operations. He will report directly to Colleen Reitan, Executive Vice President and President of Plan Operations, HCSC.
“Maurice brings to this role a broad perspective and deep understanding of our business and operations rooted in more than 20 years of experience across corporate finance, treasury, business development and subsidiary management,” said Reitan. “His track record of leading multi-stakeholder teams, along with his strong connection to the Illinois business and civic community will help position BCBSIL for continued success in this fast-changing health care environment.”
Smith previously led HCSC’s treasury department and corporate development initiatives, including mergers, acquisitions and the formation of strategic partnerships. He focused on capital deployment initiatives in support of the company’s overall strategy, including the acquisition of two health plans in other HCSC states. He also oversaw HCSC’s subsidiaries, and served as the chairman of the board of directors of Dearborn National Life Insurance Company, HCSC’s largest subsidiary.
“Expanding access to affordable health care coverage is an imperative,” said Smith. “I look forward to working with health care providers, employers, and communities in our state to make a difference for our members.”
Smith is the Chair-elect for the Chicago Sinfonietta and holds a bachelor’s degree in business administration with a concentration in accounting from Roosevelt University in Chicago.