Skip to main content

Global Header

  • Member
  • Medicare
  • Careers
  • Employer
  • Broker
  • Provider
  • About Us

2018 Annual Report

  • Previous Annual Report
  • CEO Perspective
  • Advancements that Matter
    • Putting Members First
    • Preventing and Managing Chronic Illness
    • Better Health Outcomes, Greater Value
    • Innovation in Action
  • In our Communities
    • Prescriptions for Healthy Living
    • Innovations in Community Health Improvement
    • Healthy Living in Action
    • Sustainability and Environmental Health

2018 Annual Report

Advancements that Matter

We deliver value for our customers, innovate in our market and make powerful contributions to our community.

Download 2018 Annual Report PDF

CEO Perspective

"As a local, mission-driven, not-for-profit health plan, we regard our community as our shareholder. We are proud to say returns are strong."

Andrew Dreyfus
President & CEO

Read Full Message

Advancements that Matter

Putting Members First

We meet our members’ needs, even in the most difficult circumstances, with empathy, teamwork and personalized digital solutions.

Better Health Outcomes, Greater Value

Our pioneering, value-based model for paying physicians has helped to improve quality while reducing costs, so we are building on its success.

Preventing and Managing Chronic Illness

Our holistic approach to the challenges of serious illness pays off with healthier lifestyles, lower risks and improved quality of life.

Innovation in Action

We relentlessly challenge the status quo to improve quality of care and affordability for consumers, employers and the community.

In our Communities

Prescriptions for Healthy Living

We have developed a unique collaboration that connects community health center patients with peer coaches and local resources.

Innovations in Community Health Improvement

We foster new solutions to community health challenges through accelerator grants and capacity-building workshops for nonprofits in our Healthy Living Network.

Healthy Living in Action 

We partner with communities across the commonwealth to support healthy living experiences that engage our neighbors, members and employees.

Sustainability and Environmental Health 

We do business in a responsible, environmentally sustainable way because we believe clean air, clean water and safe, healthy food are basic human rights.

Year in Review

Associates in Action

Career Development

We are committed to giving our employees opportunities to develop and advance their careers within Blue Cross. Our internal career fair gives them an opportunity to talk with leaders in multiple departments about open positions and their transferable skills.

Celebrating Community Service

Analyst Anne Palmer (right) received our annual Excellence in Service Award for her volunteering and fundraising work on behalf of Dana Farber Institute and RFK Children’s Action Corp in 2018. In honor of her achievement, she was asked to throw out the ceremonial first pitch for a Boston Red Sox game at Fenway Park.

Preparing the Next Generation

Each summer, Blue Cross hosts high school, college and graduate student interns in departments across the company. In addition to gaining valuable work experience, interns can receive training in areas including public speaking, work/life balance, and diversity and inclusion.

Embracing Diversity

More than a third of our employees participate in one of our company’s eight employee resource groups – Asian Blue Community, AZULatinx, Black Professionals Network, Blue Pride, Empowering Abilities, Veterans ERG, Women’s Inclusion Network and Young Professionals Network. ERGs contribute to a more inclusive work environment and strengthen our connection to the diverse communities we serve.

Stats

Click here to download our company's Fact Sheet.

Our Members & Accounts

 2.8M

Blue Cross Members

 26K

Employer Accounts

Service and Operations

 49M

Claims processed

 3.1M

Calls answered

Member Care

 57K

In-network clinicians

 $15.3B

Paid toward medical care

Where Premium Dollars Go

 90¢

Medical care

 10¢

Administrative cost

Diversity and Inclusion

 61%

Women in executive leadership

 50%

Women and people of color on Board of Directors

Community Investments

 $8.4M

Contributed by the company to not-for-profits

 $3.7M

Awarded in grants by the BCBSMA Foundation

Awards

We are consistently recognized as one of the nation's best health plans for member satisfaction and quality. Learn more.

  • Boston Business Journal – Top 10 Charitable Contributor in Massachusetts
  • ClearMark Awards – Three Plain Language Awards
  • Color Magazine’s All-Inclusive Awards – Supplier Diversity Award
  • Digital Health Awards – Silver Award for MyBlue Member App
  • eHealthcare Leadership – Platinum Award for Mobile Strategy
  • Forbes – Top 500 mid-size companies
  • Human Rights Campaign Foundation – Best Places to Work for LGBT Equality
  • Get Konnected – Changing Equity Ideas
  • MBA Diversity magazine – 50 Best Places to Work for Women and Diverse Managers
  • Mogul - Top 100 Innovators in Diversity & Inclusion
  • National Business Group on Health - Silver award as a best employer for healthy lifestyles
  • US News & World Report – Best Medicare Advantage plan and Medicare Part D plan in the Nation
  • Worcester Business Journal – Best Employee Services
  • Worcester Business Journal – Best Health Insurance Provider
  • Worksite Wellness Council of Massachusetts – WorkWell Massachusetts Award

Financial Results

2018 Blue Cross and Blue Shield of Massachusetts HMO Blue, Inc.

2018 Audited Financial Reports include Audited Statutory-Basis Financial Statements for Blue Cross and Blue Shield of Massachusetts, Inc. for the years ended December 31, 2018 and 2017 with Report of Independent Registered Public Accounting Firm.

Download Report

2018 Blue Cross and Blue Shield of Massachusetts, Inc.

The reports also include the Audited Statutory-Basis Financial Statements for Blue Cross and Blue Shield of Massachusetts HMO Blue, Inc. for the years ended December 31, 2018 and 2017 with Report of Independent Registered Public Accounting Firm.

Download Report

Executive Leaders

Top row (left to right): Richard Lynch, Andrew Dreyfus, Bruce Nash; Second row (left to right): Jay McQuaide, Sue Sgroi; Third row (left to right): Stephanie Lovell, Pat Gilligan; Front row (left to right): Andreana Santangelo, Sukanya Soderland

Board of Directors

Standing (left to right): Manuel Lopes, Donald Stern, Frank Callahan, Dorothy Puhy, Timothy Sweeney, Benaree Wiley, Robert Meenan, M.D., George Alcott, III; Seated (left to right): Martin Meehan, Phyllis Yale, Andrew Dreyfus, Marcy Reed, Corey Thomas

2018 Annual Report in a PDF format.

Download Now

Social Media Links

  • Facebook
  • Twitter
  • Linkedln
  • Youtube

Blue Cross Blue Shield of Massachusetts is an Independent Licensee of the Blue Cross and Blue Shield Association. ® Registered Marks of the Blue Cross and Blue Shield Association. ®´, ®´´, SM, TM Registered and Service Marks, and Trademarks are the property of their respective owners. ©   Blue Cross and Blue Shield of Massachusetts, Inc., and Blue Cross and Blue Shield of Massachusetts HMO Blue, Inc.

Footer Menu

  • Terms of use
  • Privacy & Security
  • Accessibility
  • Nondiscrimination & Translations Resources