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Tenet Healthcare Corporation (NYSE: THC) and Cigna Corporation (NYSE: CI) announced a new multi-year contract, ensuring Cigna customers have continued in-network access to Tenet’s healthcare facilities through 2025. This agreement, finalized four months ahead of the previous contract's expiration, emphasizes the importance of uninterrupted access to quality care amidst the ongoing pandemic. The collaboration will also expand access to lower-cost ambulatory surgery centers.
The contract takes effect on January 1, 2022.
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Extended network access through 2025 for Cigna customers.
Agreement reached four months before the previous contract expired.
Enhanced access to lower-cost ambulatory surgery centers.
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Multi-year agreement provides Cigna customers with continued in-network access to Tenet providers through 2025
DALLAS & BLOOMFIELD, Conn.--(BUSINESS WIRE)--
Tenet Healthcare Corporation (NYSE: THC) and Cigna Corporation (NYSE: CI) today announced that they have extended and expanded their network access through the signing of a new multi-year contract. The agreement will provide Cigna customers with continued in-network access through 2025 to Tenet’s hospitals, physician clinics and outpatient centers, including the ambulatory facilities operated by United Surgical Partners International that are consolidated in Tenet’s financial statements.
“We are pleased to have reached this agreement with Cigna four months earlier than the expiration of our current contract,” said Ronald A. Rittenmeyer, Executive Chairman of Tenet Healthcare. “The pandemic has brought many challenges for our patients and providers, underscoring the importance of ensuring uninterrupted, in-network access to the quality physicians and care facilities Cigna members know and trust. This includes a broader network of lower-cost ambulatory surgery centers that are part of the multi-year agreement.”
“This agreement builds on our long-standing efforts to ensure millions of Cigna customers can access affordable, quality care from the skilled providers of Tenet Healthcare,” said Mike Triplett, President of U.S. Commercial for Cigna. “Together, we will continue to enhance the healthcare experience for patients while improving the health, well-being and peace of mind of the communities we serve.”
The contract has an effective date of January 1, 2022.
About Tenet Healthcare
Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas with 102,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 60 hospitals and more than 460 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, imaging centers and other care sites and clinics. We also operate Conifer Health Solutions, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other clients. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, please visit www.tenethealth.com.
About Cigna
Cigna Corporation is a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Cigna delivers choice, predictability, affordability and access to quality care through integrated capabilities and connected, personalized solutions that advance whole person health. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, Evernorth companies or their affiliates and Express Scripts companies or their affiliates. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products. Cigna maintains sales capability in over 30 countries and jurisdictions, and has over 190 million customer relationships around the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
What is the latest agreement between Tenet Healthcare and Cigna?
Tenet Healthcare and Cigna have signed a new multi-year contract providing Cigna customers in-network access to Tenet facilities through 2025.
When does the new contract between Tenet Healthcare and Cigna take effect?
The new contract takes effect on January 1, 2022.
What benefits does the new contract between Tenet and Cigna offer?
The contract ensures continued access for Cigna customers to Tenet's healthcare facilities and expands access to lower-cost ambulatory surgery centers.
How long is the contract between Tenet Healthcare and Cigna?
The contract is a multi-year agreement extending access through 2025.
