Nonprofit health plan earns gold level status
for second year
OAKLAND, Calif., May 6, 2024 /PRNewswire/ -- Blue Shield of
California has been selected as a
2024 US Best Managed Company for the fifth straight year. This is
Blue Shield's second year as a Gold Standard winner. Sponsored by
Deloitte Private and The Wall Street Journal, the program
recognizes outstanding U.S. private companies and the successes of
their management teams.
"Earning this distinction for the fifth time is a significant
achievement for us," said Mike
Stuart, executive vice president and chief financial officer
at Blue Shield of California.
"This elite recognition should make everyone at Blue Shield proud.
It is validation of the diligence, consistent effort and dedication
of our 7,500 employees that we have earned this award for five
straight years."
As a 2024 honoree, Blue Shield of California joins hundreds of private companies
from more than 44 countries that have competed as part of a
rigorous and independent process. Honorees were selected by an
external panel of judges who evaluated applicants based on
strategy, ability to execute, culture, governance and financial
performance. The program recognizes successful private companies
for how they are run, what they've achieved, the contributions they
make — and the people who make it all possible.
Among the U.S. winners, Blue Shield of California was one of 63 winners, one of the
20 returning honorees, one of 34 Gold Standard honorees, and
one of five winners in the life sciences/health care category. To
see a full list of 2024 honorees, click here.
About Blue Shield of California
Blue Shield of California strives to create a healthcare
system worthy of its family and friends that is sustainably
affordable. Blue Shield of California is a tax paying, nonprofit,
independent member of the Blue Shield Association with more than
4.8 million members, over 7,500 employees and more than
$24 billion in annual revenue.
Founded in 1939 in San Francisco
and now headquartered in Oakland,
Blue Shield of California and its
affiliates provide health, dental, vision, Medicaid and Medicare
healthcare service plans in California. The company has contributed more
than $97 million to Blue Shield of
California Foundation in the last three years to have an impact on
California communities.
For more news about Blue Shield of California, please
visit news.blueshieldca.com.
Or follow us on LinkedIn, Twitter,
or Facebook.
About the Best Managed Companies Program
The Best
Managed Companies program is a mark of excellence for private
companies. U.S. designees have revenues of at least $250 million. Thousands of private companies
around the world have competed for this designation in their
respective countries through a rigorous and independent process
that evaluates four key criteria in their management skills and
practices — strategy, execution, culture, and
governance/financials. For more information, visit
www.usbestmanagedcompanies.com.
CONTACT: Mark Seelig
Blue Shield of
California
510-607-2359
media@blueshieldca.com
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SOURCE Blue Shield of California