Blue Cross & Blue Shield of Rhode Island

Blue Cross & Blue Shield of Rhode Island is a non-profit health insurance company that provides a range of health insurance products and services to individuals, families, and employers in Rhode Island. The company was founded in 1939 and is an independent licensee of the Blue Cross Blue Shield Association. Blue Cross & Blue Shield of Rhode Island is headquartered in Providence, Rhode Island and serves over 400,000 members across the state, including Brown University, University of Rhode Island, and Rhode Island Hospital. The company works with Care New England, Lifespan, and Southcoast Health to provide access to quality healthcare services.

● History

The history of Blue Cross & Blue Shield of Rhode Island dates back to 1939, when it was founded as a non-profit health insurance company. Over the years, the company has undergone significant changes, including the introduction of new products and services, such as dental insurance and life insurance. In 1995, the company merged with Rhode Island Group Health Association, expanding its membership and provider network. Today, Blue Cross & Blue Shield of Rhode Island is one of the largest health insurance companies in Rhode Island, serving members across the state, including Newport, Rhode Island, Pawtucket, Rhode Island, and Warwick, Rhode Island. The company has partnerships with Miriam Hospital, Newport Hospital, and Westminster Unitarian Church to promote health and wellness in the community.

● Products_and_Services

Blue Cross & Blue Shield of Rhode Island offers a range of health insurance products and services, including individual and family plans, group plans for employers, and Medicare Advantage plans for seniors. The company also offers dental insurance and life insurance products, as well as disability insurance and long-term care insurance. In addition, Blue Cross & Blue Shield of Rhode Island provides health and wellness programs, such as fitness classes and health coaching, to help members manage their health and prevent illness. The company works with American Heart Association, American Cancer Society, and American Diabetes Association to promote health and wellness in the community. Members have access to a network of hospitals and healthcare providers, including Butler Hospital, Kent Hospital, and South County Hospital.

● Community_Involvement

Blue Cross & Blue Shield of Rhode Island is committed to giving back to the community, with a focus on health and wellness initiatives. The company partners with non-profit organizations, such as United Way of Rhode Island, Boys and Girls Clubs of America, and American Red Cross, to support health education and disease prevention programs. In addition, Blue Cross & Blue Shield of Rhode Island offers grants and sponsorships to support community events and health initiatives, such as the Rhode Island Marathon and the Providence Festival of Lights. The company also works with Rhode Island Department of Health, Rhode Island Foundation, and Providence Community Health Centers to promote health and wellness in the community.

● Leadership_and_Governance

The leadership team at Blue Cross & Blue Shield of Rhode Island includes Peter Andruszkiewicz, Kim Keck, and Martha Holt Castle. The company is governed by a board of directors, which includes representatives from hospitals, healthcare providers, and community organizations, such as Rhode Island Hospital, The Miriam Hospital, and United Way of Rhode Island. The company is also accredited by National Committee for Quality Assurance and Joint Commission, and is a member of the Blue Cross Blue Shield Association and the National Association of Health Underwriters. The company works with America's Health Insurance Plans, Health Care Service Corporation, and Kaiser Permanente to promote health and wellness in the community.

● Financials_and_Performance

Blue Cross & Blue Shield of Rhode Island is a non-profit company, which means that any surplus is reinvested in the company to support health initiatives and community programs. The company's financial performance is strong, with revenues of over $2 billion in 2020. Blue Cross & Blue Shield of Rhode Island has a rating of A- from A.M. Best and A+ from Standard & Poor's, indicating its strong financial stability and creditworthiness. The company is also recognized for its excellent customer service, with a rating of 4.5 stars from Consumer Reports and 4.5 stars from J.D. Power. The company works with Fitch Ratings, Moody's Investors Service, and Weiss Ratings to maintain its financial stability and creditworthiness. Category:Health insurance companies in the United States