Terms of the agreement were not disclosed, according to the report. Earlier this year, BlueCross issued a termination notice to the hospitals — which are both owned by Dallas-based Tenet Healthcare Corp. — that would have made the facilities out-of-network for the insurer’s customers if a new contract was not negotiated by Nov. 30. The hospitals and the insurer struck a deal the day before Thanksgiving, according to the report.
Previously, BlueCross issued a statement claiming the hospitals had aggressively pursued higher rates. In response, Saint Francis said it was asking for rate adjustments in line with market prices and accused the insurer of asking for significant rate reductions while increasing premiums, according to the report.
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