Blue Cross Blue Shield of Massachusetts   2005 Annual Report

Blue Cross Blue Shield of Massachusetts:
Strong and Successful

By any measure—be it financial performance, membership growth, world-class provider and member satisfaction, or recognition by the National Committee for Quality Assurance as one of the best health plans in the nation—Blue Cross Blue Shield of Massachusetts is a strong and successful company, well positioned to meet the challenges of today and tomorrow. Our continued success is a tribute to all associates who work at Blue Cross Blue Shield of Massachusetts and to the strong leadership of Cleve L. Killingsworth, who assumed the role of CEO and President in July. Because the corporation recruited a first-rate, seasoned executive who has dedicated his entire life to health care, the transition was seamless and his performance has been outstanding.

As you will see from this report, Blue Cross Blue Shield of Massachusetts is more committed than ever to providing access to effective, safe, efficient, and affordable health care and to collaborating with leaders across the Commonwealth to transform the health care system by improving the delivery of care.

In 2001, we endowed the Blue Cross Blue Shield of Massachusetts Foundation and charged it with improving access to health care for all citizens of the state. Since its inception, the Foundation's endowment has grown to $86.7 million and it has awarded more than $19 million to organizations dedicated to expanding access and reducing barriers to care. This year, through the Foundation, we have provided critically important, unbiased research and analysis to support state and federal policy makers as they work to find ways to provide coverage for the uninsured. Nowhere has there been a more intensive effort to expand coverage than here in Massachusetts.

The Board is excited about the impressive work the organization is undertaking on behalf of our members, indeed, on behalf of all residents of Massachusetts. We look to the future with confidence and enthusiasm.

William C. Van Faasen
Chairman of the Board

 

Board of Directors

George R. Alcott III, President, Local 1301, Communications Workers of America, Braintree, MA

Brian M. Barefoot, President, Babson College, Babson Park, MA

Peter W. Bertschmann, Sherborn, MA

Samuel Cabot III, Chairman, Samuel Cabot Inc., Newburyport, MA

Helen G. Drinan, Senior Vice President, Human Resources, Caritas Christi, Boston, MA

Richard C. Garrison, Senior Vice President, Organizational Development, Vertex Pharmaceuticals, Inc. Cambridge, MA

Paul Guzzi, President and Chief Executive Officer, Greater Boston Chamber of Commerce, Boston, MA

Robert J. Haynes, President, Massachusetts AFL-CIO, Malden, MA

Marian L. Heard, President and Chief Executive Officer, Oxen Hill Partners, Boston, MA

Philip W. Johnston, President, Philip W. Johnston Associates, Boston, MA

Cleve L. Killingsworth, President and Chief Executive Officer, Blue Cross Blue Shield of Massachusetts, Boston, MA

Gloria C. Larson, Co-Chair of the Government Practices Group, Foley Hoag, Boston, MA

William G. Lavelle, MD, Professor and Chairman, Department of Otolaryngology, University of Massachusetts Medical School, University of Massachusetts Memorial Medical Center, Worcester, MA

James H. Lunt, President and Chief Executive Officer, Rogers, Lunt & Bowlen Company, Lunt Silversmiths, Greenfield, MA

Ralph C. Martin II, Partner, Bingham McCutchen LLP, Consultant, Bingham Consulting Group, Boston, MA

Robert F. Meenan, MD, Dean, Boston University School of Public Health, Boston, MA

William C. Van Faasen, Chairman of the Board, Blue Cross Blue Shield of Massachusetts, Boston, MA

Benaree P. Wiley, Brookline, MA

 

Executive Leadership Team

Cleve L. Killingsworth, President and CEO

Carl Ascenzo, Senior Vice President, Chief Information Officer

Stephen R. Booma, Executive Vice President, Sales, Marketing and Service

Andrew Dreyfus, Executive Vice President, Health Care Services

John A. Fallon, MD, Senior Vice President, Chief Physician Executive

Sandra L. Jesse, Executive Vice President, Chief Legal Officer

Allen Maltz, Executive Vice President, Chief Financial Officer

Peter G. Meade, Executive Vice President, Corporate Affairs

Joseph M. Patrnchak, Senior Vice President, Chief Human Resources Officer

Vinod K. Sahney, Senior Vice President, Chief Strategy Officer

John Schoenbaum, Vice President and Chief of Staff, Executive Office

Fredi Shonkoff, Senior Vice President, Corporate Relations

 

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