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
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investors about the Company including the posting of important
announcements regarding financial performance and corporate developments
