Independence Blue Cross
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| Company type | Private not-for-profit |
|---|---|
| Industry | Health Insurance |
| Founded | 1938  |
| Headquarters | G. Fred DiBona Jr. Building Philadelphia, Pennsylvania |
Key people | Charles Pizzi, Chairman Gregory E. Deavens, President and CEO |
| Website | www.ibx.com |
Independence Blue Cross (Independence) is a health insurer based in Philadelphia, Pennsylvania, in the United States.[1] Independence is the largest health insurer in the Philadelphia area, serving people in the region and seven million nationwide.[2]
Employing more than 10,000 people,[3] the company offers a wide variety of health plans, including managed care, and traditional indemnity insurance. Its network of health care providers includes nearly 180 area hospitals and more than 60,000 physicians and other health care professionals.
Independence is an independent licensee of the Blue Cross and Blue Shield Association.
Company history
[edit]Independence Blue Cross began in 1938 as the Associated Hospital Service of Philadelphia and offered the first prepaid hospitalization plan in the region. Philadelphia Mayor S. Davis Wilson enrolled as the first member, and Independence Hall became the first employer group to purchase coverage.
By the end of its first year, the company had more than 160,000 members. By 1958, it employed 600 people and contracted with 94 hospitals. In 1964, the company changed its name to Blue Cross of Greater Philadelphia and in 1988, began doing business as Independence Blue Cross.[3]
In October 2011, Independence launched a private, charitable foundation — the Independence Blue Cross Foundation, with a mission to transform health care through innovation in the communities it serves.[4] The IBC Foundation partners with many local organizations to teach children how to live a healthier life.[5][6] By the end of 2024, the IBX Foundation will have awarded grants totaling more than $85 million to support nonprofits and research improving the health and well-being of communities in southeastern Pennsylvania.[7]
Subsidiaries and affiliates
[edit]In addition to health care benefits, Independence Blue Cross offers specialized services and managed care through its affiliates and subsidiaries.
- QCC Insurance Company
- Keystone Health Plan East
- Independence Administrators
- AmeriHealth
- AmeriHealth Administrators
- AmeriHealth Casualty
- AmeriHealth Caritas
- AmeriHealth Caritas Delaware
- AmeriHealth Caritas Florida
- AmeriHealth Caritas Louisiana
- Blue Cross Complete of Michigan (joint venture with Blue Cross Blue Shield of Michigan)[8]
- AmeriHealth Caritas New Hampshire
- PerformCare (New Jersey)
- AmeriHealth Caritas North Carolina
- AmeriHealth Caritas Ohio
- AmeriHealth Caritas Pennsylvania
- Keystone First (Pennsylvania)
- First Choice by Select Health of South Carolina
- AmeriHealth Caritas District of Columbia
- Tandigm Health[9]
External links
[edit]References
[edit]- ^ "Independence Blue Cross Company Overview".360° Company Information. Hoover's. Retrieved 2013-07-13.
- ^ George, John (August 28, 2013). "IBC expanding product line". Philadelphia Business Journal. Archived from the original on August 29, 2013. Retrieved August 28, 2013.
- ^ a b About Independence Blue Cross
- ^ DiStefano, Joseph N. (October 6, 2011). "PhillyDeals: IBC establishing a nonprofit foundation to aid health-related programs". Archived from the original on September 21, 2013. Retrieved 2013-09-20.
- ^ "IBC Foundation Healthy Futures". Retrieved 2013-09-20.
- ^ George, John (September 3, 2013). "Foundation's goal: healthier school year for kids". Philadelphia Business Journal. Retrieved 2013-09-20.
- ^ "IBX Foundation supports nearly 60 Nonprofit Health Centers | Philanthropy Network Greater Philadelphia".
- ^ https://www.michigan.gov/difs/-/media/Project/Websites/difs/HMO/2023_2nd_Qtr_Report/Blue_Care_Network_of_Michigan.pdf?rev=e6875aaadce34291bd6eb8d2a3810d43&hash=70F1017718424DD3E2EACDDFE3C3D94E [bare URL]
- ^ "Penn Medicine, Independence Blue Cross, and Tandigm Health Partner to Expand Value-Based Care".
| International | |
|---|---|
| National | |
- Financial services companies established in 1938
- Healthcare in Philadelphia
- Companies based in Philadelphia
- Health care companies based in Pennsylvania
- Health maintenance organizations
- Medical and health organizations based in Pennsylvania
- Organizations established in 1938
- Members of Blue Cross Blue Shield Association