DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE:THC) and UnitedHealthcare, a
UnitedHealth Group company (NYSE: UNH), have completed a new, three-year
agreement providing United Healthcare’s Commercial and Medicare
Advantage members with in-network access to Tenet’s 79 hospitals, 193
outpatient centers and more than 1,800 employed physicians throughout
the country.
“UnitedHealthcare is one of our largest customers, and we are pleased
its members will have continued access to our high-quality, high-value
services,” said Clint Hailey, chief managed care officer at Tenet.
“Across our organization, our caregivers strive to deliver quality
outcomes and help people live happier, healthier lives.”
The new agreement is effective August 1, 2014. With this agreement,
Tenet has completed the renegotiation of all contracts with national
commercial payers to include every former Vanguard facility and employed
physician.
“This agreement provides consumers uninterrupted access to quality care
in their local communities,” said Dan Rosenthal, president of
UnitedHealthcare Networks. “We are pleased to renew this national
contract with Tenet, which offers our members access to providers
focused on driving care improvements and offers competitive
reimbursement rates, a portion of which, importantly, rewards Tenet for
achieving certain quality measures.”
About Tenet
Tenet Healthcare Corporation, a leading healthcare services company,
through its subsidiaries operates 79 hospitals, 193 outpatient centers
and Conifer Health Solutions, a leader in business process solutions for
healthcare providers serving more than 700 hospital and other clients
nationwide. Tenet’s hospitals and related healthcare facilities are
committed to providing high quality care to patients in the communities
they serve. For more information, please visit www.tenethealth.com.
This release contains “forward-looking statements” – that is, statements
that relate to future, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance and financial condition, and often contain
words such as “expect,” “assume,” “anticipate,” “intend,” “plan,”
“believe,” “seek,” “see,” or “will.” Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
Particular uncertainties that could cause our actual results to be
materially different than those expressed in our forward-looking
statements include, but are not limited to, the factors disclosed under
“Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the
year ended December 31, 2013, and in our quarterly reports on Form 10-Q,
periodic reports on Form 8-K and other filings with the Securities and
Exchange Commission. The information contained in this release is as of
the date hereof. The company assumes no obligation to update
forward-looking statements contained in this release as a result of new
information or future events or developments.
Tenet uses its company website to provide important information to
investors about the company including the posting of important
announcements regarding financial performance and corporate developments.
