Titusville, Fla.-based Parrish Healthcare is severing its relationship with Cigna, citing overall financial losses and claiming the health insurer has refused to pay $1.3 million in reimbursements for additional services, the Space Coast Daily reported Dec. 11.
The 210-bed acute care hospital will go out of network with Cigna on Dec. 16, according to the report. Parrish Healthcare Senior Vice President and Chief Transformation Officer Chris McAlpine said the system is operating at a deficit with the insurer. He said to continue would mean making up the difference from other payers or increase rates to self-pay patients, "which is not fair to others who use our hospital."
A Cigna letter to its members said it is the payer's goal to reach an agreement to keep healthcare affordable.