Health Care Service Corp., the Chicago-based parent of five Blue Cross and Blue Shield plans, will shed about 400 mid-management positions, according to the Chicago Sun-Times.
An HCSC spokesperson told the newspaper that the elimination will "reduce organizational redundancy and improve decision-making efficiency." The change will best situate the company for a rapidly changing healthcare sector and better serve its customers, the spokesperson said.
HCSC has roughly 24,000 employees, according to the Chicago Sun-Times. Plans are in place to add roughly 1,000 new jobs to service customers and providers, as well as expand the company's technology and digital capabilities.
Read the full report here.
More articles on payers:
WellCare, Centene deal to close today: 3 things to know
16 medical groups that support 'Medicare for All,' single payer
Montana hospitals made an insurer to compete with BCBS. It worked — until hospital leaders wanted out