Columbia, S.C. – BlueCross BlueShield of South Carolina has named Donald Olson the executive vice president and chief operating officer of TCC of South Carolina, one of the S.C. BlueCross group’s more than 45 affiliates.
TCC of South Carolina is a full-service third party administrator (TPA) located in Charleston, S.C., serving group health insurance plans. Founded in 1972, the company was the first third party administrator in South Carolina and one of the first in the Southeast.
With more than 30 years in health insurance, Olson has held a variety of leadership positions in sales and marketing. His areas of expertise include strategic planning and product development for the managed care, employee benefits, government, and workers’ compensation industries.
His most recent experience includes positions in strategic marketing and business operations with two national health insurers. Previously, he held senior-level business development marketing positions at Anthem Blue Cross and Blue Shield of Connecticut during a 17-year career there.
Olson received his bachelor’s degree in political science from The College of the Holy Cross and his master’s degree in health care administration from The George Washington University.
“Many employee benefit plans have technical aspects and difficult administration that can make using a specialized company such as a TPA more cost-effective than doing the work in house,” said David Pankau, president and chief executive officer of BlueCross BlueShield of South Carolina. “TCC of South Carolina has been in the business for nearly 40 years and we are very pleased to have Don Olson there to continue its strong history of innovation.”
Founded in 1946 and headquartered in Columbia, S.C., BlueCross BlueShield of South Carolina is an independent licensee of the Blue Cross and Blue Shield Association. BlueCross has more than 45 companies involved in health insurance services, the U.S. DoD health program and Medicare contracts, other insurance and employee benefits services, and a philanthropic foundation that funds programs to improve health care and access to health care for South Carolinians.