Company Research Report: Blue Cross Blue Shield of Arizona (AZ Blue)

Company Overview

• Name: Blue Cross Blue Shield of Arizona (AZ Blue)

• Mission of the Company: Inspire health and make it easy.

• Founded: No information available.

• Founders: No information available.

• Key People:

• Dr. Christine Bracamonte Wiggs, President and Board Chair of the Foundation

• Headquarters: Arizona, USA, with offices in Phoenix, Flagstaff, and Tucson.

• Number of Employees: More than 3,000.

• Revenue: No information available.

• Known For: AZ Blue is recognized for offering health insurance and related services to over 2 million customers, with a strong focus on inspiring health and making healthcare services accessible to residents of Arizona.

Products

• Health Insurance Plans:

• AZ Blue offers a range of health plans for individuals and families, including self-insured and Affordable Care Act (ACA) compliant plans.

• Medicare Plans: Options include Medicare Advantage and Supplement (Medigap) plans.

• Medicaid: Provides health coverage resources for Medicaid-eligible individuals.

• Employer Solutions: Health plans designed to benefit both employers and their employees.

• Key Features:

• Extensive statewide provider network covering 96% of physicians and 98% of hospitals.

• Flexibility and a wide range of plans to suit different needs and budgets.

• Additional resources and support for finding care and managing health plans.

Recent Developments

• New Initiatives:

• 2024 Thiru Family Trust Momentum Maker Grant: Initiated to address the loneliness and social isolation epidemic, inspired by the Surgeon General’s 2023 declaration on the issue. A grant of $75,000 is available for projects aimed at fostering social connections.

• Partnerships:

• Partnership with the Fiesta Bowl, resulting in awarding $95,500 to empower diversity through scholarships.

• Community Engagement:

• Significant contribution to community health improvement, including nearly $900,000 in grants to 27 organizations as of October 2023.

• The AZ Blue Foundation awarded $1 million to organizations focusing on critical health challenges in Arizona.

Additional Information

• Awards and Recognition:

• AZ Blue has been recognized both locally and nationally, earning the top rank in member satisfaction among commercial health plans in the U.S. Southwest region.

• Corporate Governance:

• AZ Blue has voluntarily adopted corporate governance guidelines and committee charters to uphold best practices in financial and business conduct.

• Philanthropy and Grant Opportunities:

• The Blue Cross Blue Shield of Arizona Foundation supports initiatives related to chronic health conditions, health equity, mental health, and substance use disorder. Grants can be applied for by eligible Arizona-based nonprofits and academic institutions.

Contact Information

• Media Contact: Amanda Siedler, email: amanda.siedler@azblue.com, phone: (602) 370-9513

• General Inquiries:

• For Member assistance: MemberHelp@azblue.com

• For Corporate Giving information: corporategiving@azblue.com

This report exclusively considers the available data to construct a comprehensive view of the Blue Cross Blue Shield of Arizona, focusing on company operations, products, and community involvement. No further inferences have been drawn beyond the provided data.