Tenet and Blue Cross and Blue Shield of Texas Sign Multi-Year Agreement

Friday, March 10, 2017 9:38 am CST

Dateline:

DALLAS

Public Company Information:

NYSE:
THC
"This multi-year agreement builds upon our commitment to provide our more than five million members access to quality, cost-effective care."

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) and Blue Cross and Blue Shield of Texas (BCBSTX) have signed a new agreement providing patients with BCBSTX health insurance uninterrupted in-network access to Tenet’s hospitals, employed physicians and outpatient centers in the state.

“We are pleased to reach an early renewal on this important contract and avoid any disruption to the high-quality care that patients with Blue Cross and Blue Shield of Texas health insurance expect from our providers,” said Clint Hailey, chief managed care officer for Tenet. “We look forward to maintaining our long-standing relationship with Blue Cross.”

The multi-year agreement includes all of BCBSTX’s commercial and traditional PPO and HMO products. The contract also adds Tenet’s newest teaching hospital, The Hospitals of Providence Transmountain Campus, in El Paso.

“Blue Cross and Blue Shield of Texas values its relationship with Tenet and we look forward to continuing it long into the future,” said Jack Towsley, BCBSTX divisional senior vice president of healthcare delivery. “This multi-year agreement builds upon our commitment to provide our more than five million members access to quality, cost-effective care.”

Tenet and BCBSTX also have an accountable care arrangement covering more than 80,000 lives, with an aim of reducing costs, increasing efficiency and improving quality.

About Tenet Healthcare

Tenet Healthcare Corporation is a diversified healthcare services company with 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International, the company operates 80 general acute care hospitals, 20 short-stay surgical hospitals and approximately 470 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet’s Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.

The terms "THC," "Tenet Healthcare Corporation," "the company," "we," "us" or "our" refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

About Blue Cross and Blue Shield of Texas

Blue Cross and Blue Shield of Texas (BCBSTX) – the only statewide, customer-owned health insurer in Texas – is the largest provider of health benefits in the state, working with nearly 80,000 physicians and healthcare practitioners, and 500 hospitals to serve 5 million members in all 254 counties. BCBSTX is a Division of Health Care Service Corporation (which operates Blue Cross and Blue Shield plans in Texas, Illinois, Montana, Oklahoma and New Mexico), the country’s largest customer-owned health insurer and fourth largest health insurer overall. Health Care Service Corporation is a Mutual Legal Reserve Company and an Independent Licensee of the Blue Cross and Blue Shield Association.

BCBSTX.com | Twitter.com/BCBSTX | Facebook.com/BlueCrossBlueShieldOfTexas |YouTube.com/BCBSTX

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Contact:

Corporate Communications
Charles Nicolas, 469-893-2640
mediarelations@tenethealth.com
or
Investor Relations
Brendan Strong, 469-893-6992
investorrelations@tenethealth.com