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

Mar. 10, 2017

DALLAS, TX – 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.