Jan 15 2013
The Transformation Continues
In 2008, BCS Financial Corporation seemed to be on top of their game. Built on 60 years of success, they’ve enjoyed underwriting profits for the past 20 years and an A.M. Best Rating of “Excellent.” They seemed to have a solid foundation, so why change? “Why change?” asks Scott Beacham, President and CEO of BCS Financial, “Because our business sector is changing. As a multi-line insurance company licensed to do business across the United States, we’re operating in one of the most dynamic industries, in one of the most dynamic times in history.”
As Beacham joined the organization in 2008, healthcare reform was on the brink of becoming a reality and the landscape in which they were operating was about to change dramatically. BCS is owned by all Blue Cross and Blue Shield primary licensee companies. Collectively, these companies are both BCS’s governing body and their clients. Therefore, as Blue Cross and Blue Shield organizations change, so must BCS. The leaders at BCS recognized early in their evolution that they had to change. And change they did!