Anthem Blue Cross Blue Shield and CommonSpirit reached an agreement to keep 11 CommonSpirit Health hospitals in Colorado in Anthem's network.
The Chicago-based health system and Anthem BCBS reached a deal May 17, after being out-of-network for over two weeks. The five-year agreement is retroactive to May 1, when the previous contract expired.
"Importantly, the long-term nature of our agreement ensures care provider network stability for our members and cost-predictability for Colorado employers for years to come," Anthem Colorado President Matt Pickett said in a statement shared with Becker's.
The agreement covers commercial, Medicare Advantage and individual plans. More than 40,000 CommonSpirit patients in Colorado have Anthem BCBS plans.
"Our patients are at the heart of all we do, and through our partnership with Anthem, we will ensure our patients continue to receive compassionate care from the doctors and nurses they know and trust," Andrew Gaasch, executive vice president and CFO of CommonSpirit's Mountain Region, said.
This story was originally published May 2 and updated May 20.