Stanford, Blue Shield Finalize 3-Year Contract

Palo Alto, Calif.-based Stanford Hospital & Clinics and Blue Shield of California agreed to a three-year contract that would set rates for Blue Shield’s HMO and PPO, according to a San Jose Mercury News report.

Advertisement

Terms of the agreement were not disclosed. Blue Shield members would have been out-of-network if a deal had not been reached by last Friday.

In a statement, Stanford University Vice President and CFO of Business Affairs Randy Livingston said, “We’re very pleased that [Stanford] and Blue Shield were able to complete a new agreement in the nick of time, averting potential confusion and disruption for Stanford employees and post-docs with Blue Shield coverage who receive services from SHC.”

More Articles on Hospital-Payor Relationships:

Connecticut Children’s Medical Center Terminates Contract With Anthem

Adventist Health, Aetna Sever Contract Negotiations

8 HCA Hospitals, Anthem Reach Tentative Contract Deal

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.