The two parties initially severed their contract March 1, after failing to reach an agreement. The parties had been negotiating since November 2021, when Memorial Hermann notified the payer of its intent to end the contract.
“We are pleased to share that Memorial Hermann has reached an agreement to continue our relationship with BlueCross BlueShield of Texas, maintaining the integrity of both our health system and our clinically integrated physician network, so we can continue serving our patients with exceptional, high-quality, affordable healthcare,” Memorial Hermann said in a post to its website.
With the new agreement, members of BCBS of Texas will have in-network access to Memorial Hermann’s hospitals, facilities and affiliated providers.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.