The parties reached a contract Friday after months of negotiations on rates. The new contract allows UnitedHealthcare members with Medicare, employer-based and individual health plans to receive care from CHI St. Vincent providers at in-network rates.
Details of the contract were undisclosed, according to the report.
A previous contract between CHI St. Vincent and UnitedHealthcare was scheduled to expire April 1. More than 30,000 UnitedHealthcare members could have been affected if negotiations collapsed.
Chad Aduddell, CEO of CHI St. Vincent, said in a statement to Arkansas Business, “As we work toward developing new models of care focused on higher quality and lower costs, it is important we receive fair and reasonable payments to continue our ministry. We believe our continued relationship with UnitedHealthcare allows the two of us to work together to better serve the needs of our patients.”
More articles on payer issues:
CMS releases final ACA market stabilization rule: 5 things to know
NY regulator fines Zenefits $1.2M for unlicensed insurance sales
GOP lawmakers in NC propose Medicaid expansion: 5 things to know
