Independence Blue Cross

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Independence Blue Cross
Type Private not-for-profit
Industry Health Insurance
Headquarters G. Fred DiBona Jr. Building
Philadelphia, Pennsylvania
Key people

M. Walter D'Alessio, Chairman

Daniel J. Hilferty, President and CEO
Website www.ibx.com

Independence Blue Cross (IBC) is a health insurer based in Philadelphia, Pennsylvania in the United States.[1] IBC is the largest health insurer in the Philadelphia area, serving more than two million people in the region and seven million nationwide.[2]

Employing more than 7,000 people,[3] the company offers a wide variety of health plans, including managed care, traditional indemnity insurance, Medicare, and Medicaid. Its network of health care providers includes nearly 160 area hospitals and more than 42,000 physicians and other health care professionals.

IBC is an independent licensee of the Blue Cross and Blue Shield Association.

Company history[edit]

IBC 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 2013, IBC celebrates 75 years in business.

Social mission[edit]

Since its inception, IBC has demonstrated a commitment to social responsibility and community involvement. Each year, it supports community education, sponsorships, and philanthropy, including a variety of programs and activities that help make health insurance more affordable to nearly 166,000 southeastern Pennsylvania residents.

In October 2011, IBC launched a private, charitable foundation — the Independence Blue Cross Foundation — with the mission to transform health care through innovation in the communities it serves.

Blue Crew[edit]

The Blue Crew Corporate Volunteer Program is an employee volunteer program that serves as an extension of the IBC social mission. Its mission is to strengthen IBC’s role as a leader in community service through volunteer projects that contribute to the well-being of the people in the Philadelphia region.

In 2011, more than 2,900 IBC employees volunteered more than 8,300 hours of community service to 163 projects. The events included both one-time and ongoing activities.

Signature Events[4][edit]

Blue Cross Broad Street Run[edit]

Each spring, IBC serves as the title sponsor for the Blue Cross Broad Street Run in which thousands of runners race down Broad Street through the heart of Philadelphia before crossing the finish line at the historic Philadelphia Navy Yard. Run proceeds support the American Cancer Society and its life-saving research efforts. The event is the largest 10-miler in the country.

In 2013, IBC organized “From Philly to Boston with Love,” a region-wide initiative to show unified support and garner donations for those affected by the 2013 Boston Marathon bombings. In an effort to honor victims, their families, and the city of Boston, tens of thousands of runners and spectators at the 2013 Blue Cross Broad Street Run wore "From Philly to Boston with Love" stickers over their hearts on the day of the event.

National Walk@Lunch Day[edit]

Every April, thousands of people hit the streets of Philadelphia and surrounding communities to turn a working lunch into a walking lunch. IBC hosts the country’s largest National Walk@Lunch Day event, an initiative spearheaded nationally by the Blue Cross Blue Shield Association.

Blue Cross RiverRink[edit]

IBC is the presenting sponsor of the Blue Cross RiverRink, a winter skating tradition since 1993. With the Philadelphia skyline as a backdrop, people of all ages enjoy public skating sessions and other family friendly activities from November through March.

Innovation and investment[edit]

IBC actively invests in innovative health care solutions and start-ups, aiming to transform the Philadelphia region into “a national magnet for healthcare innovation, investment, and employment”.

IBX Game Changers Challenge[edit]

In 2012, IBC introduced the IBX Game Changers challenge to inspire innovation in health care. The six-week competition drew more than 150 applications, and three winning start-ups received $50,000 grants from IBC.

DreamIt Health[5][edit]

DreamIt Health is the first-ever Philadelphia-based health care accelerator, launched in December 2012 by IBC and Penn Medicine. The initiative was a nationwide search for unique health care start-ups who apply technology to the challenges of keeping people healthy and providing more effective and affordable interventions at the point of care. 10 start-ups received stipends and professional coaching.

Subsidiaries and affiliates[edit]

In addition to health care benefits, IBC offers specialized services and managed care expertise through its affiliates and subsidiaries.

  • QCC Insurance Company
  • Keystone Health Plan East
  • Independence Administrators
  • AmeriHealth
  • AmeriHealth Administrators
  • AmeriHealth Casualty
  • AmeriHealth Caritas
  • CompServices, Inc.
  • NaviNet, Inc.

References[edit]

  1. ^ "Independence Blue Cross Company Overview".360° Company Information. Hoover's. Retrieved 2013-07-13.
  2. ^ George, John (August 28, 2013). "IBC expanding product line". Philadelphia Business Journal. Archived from the original on August 28, 2013. Retrieved August 28, 2013. 
  3. ^ a b About Independence Blue Cross
  4. ^ IBC's Signature Events
  5. ^ DreamIt Health

External links[edit]