Blue Cross Blue Shield of Massachusetts HMO Blue Inc

Organization Overview

Blue Cross Blue Shield of Massachusetts HMO Blue Inc is located in Boston, MA. Blue Cross Blue Shield of Massachusetts HMO Blue Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Blue Cross Blue Shield of Massachusetts HMO Blue Inc generated $5.4b in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.2b during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

IT IS A HEALTH MAINTENANCE ORGANIZATION THAT PROVIDES MEDICAL AND OTHER HEALTH BENEFITS TO MEMBERS THROUGH CONTRACTS WITH HOSPITALS, PHYSICIANS, NURSING HOMES, ETC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF HOSPITAL AND MEDICAL BENEFITS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Perficient Inc
It Consulting
$12,733,998
Cognizant Worldwide Limted
It Consulting
$5,605,640
Ernst Young Llp
Financial Services
$1,334,279
Oliver Wyman Inc
Business Consulting
$1,163,945
Genpact International Inc
It Consulting
$735,053
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$5,257,247,493
Investment income $78,595,036
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $43,738,252
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,379,580,781

Peer Organizations

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