Providence Health & Services and health insurer Premera Blue Cross signed a letter of agreement Monday, nullifying the organizations' previous decision to forgo a contract renewal, The Seattle Times reports.
Renton, Wash.-based Providence and Mountlake Terrace, Wash.-based Premera said they would not renew a contract in July after the two disputed rates and other terms. Up to 500,000 individuals would have been out-of-network Jan.1 had a new contract not been resolved. Providence's Seattle-based Swedish Medical Center, Richland, Wash.-based Kadlec Regional Medical Center, Seattle-based Pacific Medical Centers and their physicians and clinics would have been out-of-network with all Premera policyholders.
No details of the new contract were released, according to the report.
Premera will offer plans for open enrollment this November.
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